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Weekday news and analysis for retirement plan advisers
Thursday, June 17, 2021
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Health, Family, Purpose, Finances: ‘The New Four Pillars of Retirement’
Edward Jones and Age Wave say advisers should take a new approach to working with retirees by helping them determine what they want to do when they stop working.
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Adviser Op-Ed: The Merits of a Retirement and Benefits Task Force
A case for why retirement plan advisers and employee benefits professionals should join forces to meet workers’ financial health needs and solve complex health-wealth issues.
Today’s Most Read
1. Ascensus to Acquire Vanguard’s Individual 401(k) Business
2. Victory to Acquire Amundi’s $104B U.S. Division
3. Rebutting 7 Retirement Income Concerns
Sponsored by Invesco
Watch Your Language: Rethinking How We Communicate With Participants
Learn more from our three key insights on how to communicate with participants.
Mixed Ruling Issued in MetLife Mortality Table ERISA Lawsuit
The retirees’ main claim is that the plan’s use of mortality tables from 1971 and 1983 to convert default retirement benefits into the alternative benefits that they opted to receive constitutes unreasonable actuarial assumptions.
Judge Significantly Pares Down Claims in ERISA Excessive Fee Suit
Some claims against Konica Minolta and its 401(k) committee were moved forward but all claims against the company’s board were dismissed.
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 265.66 points (0.77%) to 34,033.67, the Nasdaq closed 33.17 points (0.24%) lower at 14,039.68, and the S&P 500 decreased 22.89 points (0.54%) to 4,223.70. The Russell 2000 was down 5.38 points (0.23%) at 2,314.69, and the Wilshire 5000 lost 206.83 points (0.46%) to finish at 44,328.97.

The prices of the 10-year Treasury note and 30-year Treasury bond each decreased 28/32, bringing their yields up to 1.561% and 2.218%, respectively.

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