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Tuesday, June 08, 2021
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Join Us TODAY: Discussing DCIO Evolution
Join us TODAY at 2 p.m. EST as we discuss the past, present and future of the defined contribution investment only (DCIO) marketplace. Speakers include Gregory Adams from Fiducient Advisors, Edward McIlveen from Francis Investment Council, and our very own research leader Brian O’Keefe.
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Northern Trust Faces New Fiduciary Breach Allegations
The plaintiffs argue the plan lost ‘tens of millions of dollars’ in retirement savings due to the retainment of Northern Trust Focus Funds.
Today’s Most Read
1. The New Vesting Schedule Debate
2. Why Are Financial Services Firms Looking to Wealth Management Leaders?
3. The Future of Work in the Investment Industry
David Blanchett Named as QMA’s Head of Retirement Research
One of his top priorities will be to provide research to develop retirement income products for DC plans.
Sponsored by Putnam
A new lens on target-date strategies
There’s more to a glide path than a simple fixed-income and equity allocation.
Serco Settles Excessive Fee Case for $1.2 Million
The class action lawsuit had charged the Navy defense contractor with selecting higher-cost mutual funds when cheaper options were available, and with allowing excessive fees in its 401(k) plan.
John Hancock Life Insurance Agrees to Settle ERISA Self-Dealing Suit
The defendants have agreed to a $14 million payment and to procedural changes.
Market Mirror Market Mirror Graph

Monday, the Dow gave up 125.15 points (0.36%) to land at 34,630.24, the NASDAQ climbed 67.23 points (0.49%) to 13,881.72, and the S&P 500 inched downwards by 3.37 points (0.08%). The Russell 2000 rose 32.76 points (1.43%) to 2,319.18, and the Wilshire 5000 gained 77.13 points (0.17%) to 44,316.88. The price of the 10-year Treasury note declined 2/32, increasing its yield to 1.573%, and the price of the 30-year Treasury bond was down 27/32, increasing its yield to 2.252%. 

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