Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 12th, 2018
Wells Fargo Advisors SEC Filing Hints at Federal Fiduciary Investigation
The firm says it does not have additional information to share at this juncture beyond what has been noted in a 2017 year-end SEC filing; in that newly emerged document, Wells Fargo Advisors says it has begun an internal investigation into “whether there have been inappropriate referrals or recommendations” made by its advisors, including with respect to rollovers for 401(k) plan participants. Read more >
CalPERS Adopts Global Investment Performance Standards
Issued by the CFA Institute, the standards are based on the principles of full disclosure and fair representation of investment performance Read more >
PLANADVISER Top 100 Retirement Plan Advisers
These advisers have reached the top of their respective peer groups in terms of assets under advisement (AUA) or number of retirement plan clients, including defined contribution (DC), defined benefit (DB) and nonqualified plans. Read more >
Retirement Industry People Moves
Securities American Adds Super OSJ and Financial Firms to Platform; Debel to Lead Retirement Solutions at MetLife; Transamerica Names Promotions and Hires in U.S. Offices; and more. Read more >
Confusion Abounds After Fifth Circuit Decision Vacates DOL Fiduciary Rule
Nearly Three-Quarters of Boomers Want to Delay Retirement
Will SCOTUS Decide the Fate of the DOL Fiduciary Rule?
Many Americans Would Forego Social Security Payments for Student Loan Debt Forgiveness
DISRUPTION: Insider Service and Strategy Talk With PGIM
Sponsored message from J.P. Morgan
Compare your clients’ fees against industry averages
Reducing plan costs is a primary reason why sponsors consider a change in recordkeepers. Address your clients’ cost concerns with a J.P. Morgan 401(k) analysis comparing their current fees with industry averages.
The Magic of Local Events
Advisers use philanthropy to raise awareness of savings need—and advisory brand Read more >
Warming to ESG
Sponsors embracing companies that do good Read more >
Market Mirror
Friday, the Dow gained 440.53 points (1.77%) to finish at 25,335.74, the NASDAQ closed 132.86 points (1.79%) higher at 7,560.81, and the S&P 500 increased 47.60 points (1.74%) to 2.786.57. The Russell 2000 was up 25.18 points (1.60%) at 1597.14, and the Wilshire 5000 climbed 455.34 points (1.60%) to 28,859.55.   The price of the 10-year Treasury note decreased 11/32, bringing its yield up to 2.896%. The price of the 30-year Treasury bond fell 23/32, increasing its yield to 3.161%.   WEEK’S WORTH: For the week ending March 9, the Dow was up 3.25%, the NASDAQ climbed 4.17%, and the S&P 500 finished 3.54% higher. The Russell 2000 gained 4.17%, and the Wilshire 5000 increased 3.52%.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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