January 28th, 2019

Former Lead FINRA Enforcer Dissects Regulator’s 2019 Priorities Letter In a Q&A with PLANADVISER, Mirella deRose draws on her experience leading FINRA enforcement in describing what she sees as the most important elements of the regulator’s recently published member priorities list for 2019. Read more > Great-West to Focus on Retirement and Investment Divisions After Selling Life and Annuity “As more Americans save for retirement through workplace savings plans, external market forces are simultaneously creating new opportunities for plan providers. These factors present significant near and long-term future opportunities to deliver a robust spectrum of retirement services to more plan sponsors, financial intermediaries and participants,” a spokesperson told PLANADVISER. Read more > Plan Fiduciaries Pay $538,248 for Failure to Timely Remit Contributions The Department of Labor’s Employee Benefit Security Administration (EBSA) also alleged in a lawsuit that fiduciaries to two retirement plans failed to administer the plans, leaving participants unable to gain information about their funds or gain access to their plan accounts. Read more > Interest in Pension Risk Transfer Expected to Increase in 2019 The majority of DB plan sponsors plan to completely divest all of their company’s liabilities in the near future Read more > MOST READ ARTICLES

Sponsored message from PIMCO Jamie Bentley SVP & National Retirement Sales Manager at PIMCO Discusses ESG Investing with PLANADVISER View the video Read more > Voya Introduces Suite of Health Savings and Spending Accounts For the Voya health savings account (HSA), Voya Investment Management is providing manager selection and oversight and has constructed the HSA investment menu that includes a mix of funds managed by Voya Investment Management as well as other well-regarded managers. Read more > Retirement Industry People Moves Transamerica promotes division VP; TRA hires past sales manager to newly created role; Lightyear announces series of promotions; and more. Read more > Investment Product and Service Launches Securian Asset Management introduces name changes to mutual funds; First Trust adds fixed-income ETF; and Citi creates bond funding environmental and climate finance. Read more > Market Mirror Friday, the Dow gained 183.96 points (0.75%) to finish at 24,737.20, the NASDAQ closed 91.40 points (1.29%) higher at 7,164.86, and the S&P 500 increased 22.43 points (0.85%) to 2,664.76. The Russell 2000 was up 18.45 points (1.26%) at 1,482.85, and the Wilshire 5000 climbed 248.78 points (0.91%) to 27,572.60.   The price of the 10-year Treasury note was down 10/32, increasing its yield to 2.749%. The price of the 30-year Treasury bond decreased 18/32, bringing its yield up to 3.063%.   WEEK’S WORTH: For the week ending January 25, the Dow closed 0.12% higher, the NASDAQ increased 0.11%, and the S&P 500 decreased 0.22%. The Russell 2000 was up 0.02%, and the Wilshire 5000 was down 0.16%.

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