Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 18th, 2021

Fidelity Decides to Exit HR/Payroll Business

Fidelity has confirmed to PLANADVISER that “after a strategic review and decisionmaking process,” it has decided to exit the human resources (HR)/payroll business. The decision affects nearly 2,000 existing clients, including retirement plan clients that use a bundled solution. Read more >
Why and How the OCIO Model Is Moving Up Market
Sources say it’s partly due to the growing popularity of ESG investing, but there’s a lot more going on to fuel the trend, from increasing market complexity to the emergence of new regulations.   Read more >
Lawsuit Against MEP Takes Issue With Share Classes, Revenue Sharing
Fiduciaries of the multiple employer plan of professional employer organization (PEO) Nextep, Inc. are being sued over excessive investment and recordkeeping fees. Read more >
Governance Is the Name of the Game
For sponsors less aware of their plan governance needs—e.g., not understanding specific terms of the retirement plan, such as those relating to fees—here is a particular place where advisers can help, sources say: in establishing, and ensuring the plan follows, best practices in plan governance. Read more >
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A Year of Disruption Spotlights Tech, Cybersecurity
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Well-Funded HSAs Are a Retirement 'Superpower'
Fiduciary Advocates, Leaders Create Center for Board Certified Fiduciaries
Thirty-five fiduciary advocates and leaders have created the Center for Board Certified Fiduciaries (CBCF) to help develop exemplary fiduciaries. It will be affiliated with one or more universities to provide an executive education certificate in fiduciary leadership, stewardship and governance. Read more >
CFA Institute Launches Global Certificate in ESG Investing
The certificate is designed for those who want to analyze and integrate ESG factors into their investments, and for those wanting to improve their understanding. Read more >
Market Mirror
Wednesday, the Dow gained 189.42 points (0.58%) to finish at 33,015.37, the Nasdaq closed 53.64 points (0.40%) higher at 13,525.20, and the S&P 500 was up 11.41 points (0.29%) at 3,974.12. The Russell 2000 fell 23.78 points (1.01%) to 2,336.39, and the Wilshire 5000 increased 140.89 points (0.34%) to 42,154.72. The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.644%. The price of the 30-year Treasury bond decreased 30/32, bringing its yield up to 2.423%.
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