Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 20th, 2021

Democrats Have Won the Power to Fix Union Pensions

Both of the Senate runoff elections “went blue,” giving Democrats control of the House, the Senate and the White House. Speaking again with PLANADVISER about this unexpected outcome, sources say there is “definitely an increased probability of pension reform being addressed this year, finally. Read more >
Busy Days Ahead for SEC Leadership, Chair Gary Gensler
Among the more telling chapters in Gensler’s biography is his work helping to draft the Sarbanes-Oxley Act as a senior adviser to former U.S. Senator Paul Sarbanes in the wake of the Enron scandal.  Read more >
Biden Administration Might Accelerate Growth of ESG Investing
The Senate runoff elections held in Georgia earlier this month solidified Democratic control of the presidency and Congress. Now, some retirement plan investors are hoping that political control will lead to new guidance on environmental, social and governance (ESG) investing. Read more >
Advisers Giving Back: Rita Fiumara and the Financial Literacy Gap
Providing Barron’s magazine subscriptions to graduate students at her alma mater is one way Rita Fiumara, a retirement plan specialist at UBS, hopes to help improve financial literacy in the U.S. Read more >
Another Stressed Union Pension to Get PBGC Support
PPL Corp. and Mass Brigham General Face ERISA Lawsuits
Retirement Plan Advisers Might Help Lessen ERISA Lawsuits by Adding Defensive Provisions
District Court Advances TriNet ERISA Lawsuit
70% of Eligible Employees Have Joined California’s State-Run Retirement Program
Client Considerations as PEPs Come Online
Sources say advisers should expect more questions about pooled employer plans as the year unfolds and this new marketplace develops. Read more >
529 Plans, Student Loans and Financial Wellness
This hour-long, webinar will focus on employee financial wellness, and specifically on planning for education expenses through 529 college savings plans. Budgeting and debt management will also be considered, as will the “hierarchy of savings.” Read more >
Market MIrror
Tuesday, the Dow was up 116.26 points (0.38%) at 30,930.52, the NASDAQ climbed 198.68 points (1.53%) to 13,197.18, and the S&P 500 increased 30.66 points (0.81%) to 3,798.91. The Russell 2000 gained 27.94 points (1.32%) to finish at 2,151.14, and the Wilshire 5000 closed 346.87 points (0.87%) higher at 40,328.84. The price of the 10-year Treasury note was unchanged, with its yield up to 1.092%. The price of the 30-year Treasury bond was unchanged, with its yield down to 1.835%.
Industry Intel Roundup—Featured White Paper
PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring white papers offering key insights and analysis about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
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