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 >
2023 Retirement Plan Adviser of the Year Finalists
A Reminder to Avoid Fraudulent Hardship Withdrawals
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Small Businesses and SECURE 2.0: Exemptions and Tax Credits
Retirement Industry People Moves
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Innovative products, ideas, trends—stay ahead of the game with PLANADVISER Thought Leadership.
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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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