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February 25th, 2021 |
 | PLANADVISER Virtual: Building Your Practice in 2021Join our discussion on March 24 with Dr. Yakov Feygin, Associate Director of the Future of Capitalism program at the Berggruen Institute. He directs the Institute’s economic policy work, including a recent retirement plan study, and is very knowledgeable about the past, present and future of inequality.
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| ESG Investing Under ERISA | | The final rule’s text makes no reference to ESG or other terms commonly associated with ESG investing such as “socially responsible investing” (“SRI”) or “economically targeted investing.” Rather, the regulation requires that fiduciaries consider only “pecuniary factors” when making an investment decision.
Read more > | | | Continuous Education | | Also crucial for committees to reflect on, says Summer Conley, a partner in Faegre Drinker Biddle & Reath LLP in Los Angeles, is the volume of defined contribution (DC) plan breach of fiduciary duty lawsuits currently in the courts. “Committee members should know what the issues are and what those mean for their plan.”
Read more > | | | Wednesday, the Dow gained 424.51 points (1.35%) to finish at 31,961.86, the Nasdaq closed 132.77 points (0.99%) higher at 13,597.97, and the S&P 500 increased 44.06 points (1.14%) to 3,925.43. The Russell 2000 was up 33.31 points (1.48%) at 2,284.38, and the Wilshire 5000 climbed 478.91 points (1.16%) to 41,763.02.
The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.394%. The price of the 30-year Treasury bond decreased 1 1/32, bringing its yield up to 2.239%.
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