Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 30th, 2020
DOL’s New Proposed Fiduciary Rule Aligns With Reg BI, NAIC Suitability
Multiple national-level conflict of interest rules are now aligned that will require financial professionals to act in the best interest of consumers. Read more >
Court Quashes Lawsuit Challenging SEC’s Reg BI
The 2nd U.S. Circuit Court of Appeals found the regulation, which goes into effect tomorrow, is authorized by Dodd-Frank and is not arbitrary and capricious. Read more >
Empower to Acquire Digital Adviser Personal Capital
Personal Capital will be positioned to serve plan participants who seek a combination of digital and human advice while helping to accelerate the capture of rollovers and other out-of-plan assets, the firms say. Read more >
Practice Progress Webinar Series
Each month, the editors of PLANADVISER will bring together industry experts to discuss practice management, client service, compliance, investments and more. Read more >
What Exactly Is Driving the Great Resignation?
John Hancock Defeats ERISA Foreign Tax Credit Lawsuit
Why Small Business Owners Often Resist 401(k)s
Retirement Industry People Moves
Risks and Rewards of Managed Accounts
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Tax-Saving Opportunity
Investors might consider a Roth conversion now. Read more >
EBSA’s E-Disclosure Rule Is Final
The standard, letting employers opt for electronic vs. print reporting, is a highlight of the agency’s departed assistant secretary’s tenure. Read more >
Market Mirror
Yesterday, the Dow climbed 580.25 points (2.32%) to 25,595.80, the NASDAQ closed 116.93 points (1.20%) higher at 9,874.15, and the S&P 500 was up 44.19 points (1.47%) at 3,053.24. The Russell 2000 increased 42.43 points (3.08%) to 1,421.21, and the Wilshire 5000 gained 461.22 points (1.50%) to finish at 31,145.02.   The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.631%. The price of the 30-year Treasury bond was down 4/32, increasing its yield to 1.385%.
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