Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 7th, 2020

Advisers Giving Back: Bruce Lanser at UBS

During and after his daughter’s career as an elite speed skater, Bruce Lanser at UBS has been volunteering his time to help the niche sport continue to thrive in the Milwaukee area. He also finds time to serve on the board of Junior Achievement. Read more >
DOL Motives for Fiduciary Rule Questioned in Public Comments
Consumer groups and advocates of the fiduciary adviser industry want the Department of Labor to reconsider aspects of its proposed fiduciary rule. Read more >
Musician Union Pension Clashes with U.S. Treasury
Congress is divided on how to address the union pension funding crisis, which is exemplified by the plight faced by the American Federation of Musicians and Employers’ Pension Fund. Read more >
Unemployed Older Workers at Risk of Involuntary Retirement
Retirement Equity Lab says if these exits continue, they will increase old-age poverty and worsen the recession. Read more >
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Practice Progress Webinar Series
Each month, the editors of PLANADVISER will bring together industry experts to discuss practice management, client service, compliance, investments and more. Read more >
All That Goes Into a Practice
Past Retirement Plan Advisers of the Year discuss building a successful firm Read more >
Market Mirror
Thursday, the Dow was up 185.46 points (0.68%) for a 27,386.98 close, the NASDAQ gained 109.67 points (1.00%) to reach 11,108.07, and the S&P 500 was up by 21.39 points (0.64%) for a 3,349.16 close. The Russell 2000 inched downward by 1.61 points (0.10%) to fall to 1,544.62, and the Wilshire 5000 gained 178.67 points (0.52%) to end at 34,255.55. The 10-year Treasury note was up by 1/32, lowering its yield to 0.543%, and the price of the 30-year Treasury bond was up 27/32, lowering its yield to 1.203%.
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