June 25th, 2018

In Memoriam: How the Fiduciary Rule Changed the Retirement Industry With the news emerging that the 5th U.S. Circuit Court of Appeals has certified its ruling to vacate the DOL fiduciary rule, Scott Gehman, a retirement plan consultant with Conrad Siegel, reflects on what is already an important legacy for the short-lived set of conflict of interest reforms. Read more > Getting Serious About TDF Sequence of Returns Risk The growth in target-date fund usage continues to be incredible; missing is a deeper discussion of sequence of returns risk and other potential challenges for participants associated with this growth. Read more > CT Passes Law to Apply Fiduciary Standards to non-ERISA 403(b)s The law applies to Connecticut K-12 school districts. Read more > Lawsuit Argues Health Provider Plan Lost Its Church Plan Status According to the compliant, the defined benefit (DB) plan was required to adhere to Employee Retirement Income Security Act (ERISA) funding rules. Read more > MOST READ ARTICLES 1 ‘Secure Act 2.0’ Likely to Become a Reality 2 10th Circuit Affirms Great-West Fee Suit Dismissal 3 RIA Aggregators Aim for Small-Plan Market Expansion 4 T. Rowe Price CEO Change Reflects Financial Industry Trends 5 Scrutinizing TDFs and Considering Balanced Funds

Sponsored message from Voya Target Date Fund Selection: More than Active vs. Passive Learn why glide path and asset allocation matter more than active or passive in TDFs. Read more > PBGC Wants to Obtain Multiemployer Plan Withdrawal Liability Information In its notice of intent to request OMB approval, the agency is asking for stakeholder comments. Read more > Retirement Industry People Moves DWC Adds Marketing Director Position; Account Executive Joins Voya; Hancock Whitney Chooses Envestnet for Broker-Dealer Lines; and mor Read more > Market Mirror Friday, the Dow gained 119.19 points (0.49%) to finish at 24,580.89, the NASDAQ decreased 20.14 points (0.26%) to 7,692.82, and the S&P 500 was up 5.13 points (0.19%) at 2,754.89. The Russell 2000 was down 3.37 points (0.20%) at 1,685.58, and the Wilshire 5000 increased 43.49 points (0.15%) to 28,827.68.   The price of the 10-year Treasury note was up 1/32, decreasing its yield to 2.893%. The price of the 30-year Treasury bond increased 4/32, bringing its yield down to 3.037%.   WEEK’S WORTH: For the week ending June 22, the Dow fell 2.03%, the NASDAQ decreased 0.69%, and the S&P 500 lost 0.89%. The Russell 2000 was up 0.10%, and the Wilshire 5000 finished 0.72% lower.

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