June 24th, 2019

An Important Point About Form CRS and SEC’s Reg BI Under the SEC’s final regulations, Form CRS requires less prescribed wording relative to the proposed version, meaning firms may generally use their own wording to address required topics and will have more flexibility to provide information to investors. Read more > Index Funds Nearly Universal in Large 401(k) Plans A BrightScope/ICI study also found collective investment trusts (CITs) accounted for a larger share of assets in larger plans than smaller plans. Read more > All Age Groups Display Economic Irrationality A new academic paper published by the TIAA Institute shows little difference in behavior among undergraduate students, young adults, middle-aged people and older subjects when it comes to rationally navigating uncertain conditions. Read more > Rollovers Important to Retirement Income Adequacy EBRI found a significant difference in retirement deficits when comparing the current environment where defined contribution plan participants rollover their assets versus a hypothetical state where workers never rollover their DC assets. Read more > MOST READ ARTICLES

Sponsored message from PIMCO 2019 PIMCO Defined Contribution Consulting Study Providing retirement income potential, evaluating TDFs and plan costs, and simplifying investment menus are key. Download the whitepaper Read more > Retirement Industry People Moves John Hancock Investment Management Adds Managing Director; Willis Towers Watson Promotes Team Heads; Custodia Financial Appoints Brad Campbell to Strategic Advisory Council; and more. Read more > Advisers' Future Trajectory Firms confront a convergence of retirement plan and wealth consulting Read more > Market Mirror Friday, the Dow decreased 34.04 points (0.13%) to 26,719.13, the NASDAQ closed 19.63 points (0.24%) lower at 8,031.71, and the S&P 500 was down 3.72 points (0.13%) at 2,950.46. The Russell 2000 fell 13.87 points (0.89%) to 1,549.63, and the Wilshire 5000 lost 72.72 points (0.24%) to finish at 30,321.89.   The price of the 10-year Treasury note decreased 25/32, bringing its yield up to 2.063%. The price of the 30-year Treasury bond fell 1 23/32, increasing its yield to 2.588%.   WEEK’S WORTH: For the week ending June 21, the Dow gained 2.41%, the NASDAQ climbed 3.01%, and the S&P 500 finished 2.20% higher. The Russell 2000 was up 1.78%, and the Wilshire 5000 increased 2.15%.

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