Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 27th, 2020

How to Run a Remote Advisory Firm

‘This is likely the moment we will become full-time remote and never go back,’ one adviser says. ‘The challenge will be maintaining camaraderie.’ Read more >
Coronavirus News for Plan Advisers
Focused analysis of market movements, business challenges and legislative and regulatory actions. Read more >
7th Circuit Affirms Win in Northwestern University ERISA Suit
The court concluded that “the amended complaint appears to reflect plaintiffs’ own opinions on ERISA and the investment strategy they believe is appropriate for people without specialized knowledge in stocks or mutual funds.” Read more >
Newport Offers Cost-Free 3(16) Administrative Fiduciary Services to Clients
Newport anticipates plan sponsors will see an increase in loan and hardship distribution requests. Read more >
Franklin Templeton to Acquire Putnam for $925 Million
Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
Smart Acquires Managed Account Provider ProManage
Recordkeeper “House” Investment Options Worth a Look, But Carefully, Advisers Say
FINRA Fines Vanguard for Overstating Money Market Projections
Make Way for Self-Promotion
Still, the new SEC advertising regulations warrant caution. Read more >
Wide-Ranging Legislation
What to know, and do, about the SECURE Act. Read more >
Market Mirror
Thursday, the Dow gained 1,351.62 points (6.38%) to finish at 22,552.17, the NASDAQ was up 413.24 points (5.60%) at 7,797.54, and the S&P 500 closed 154.51 points (6.24%) higher at 2,630.07. The Russell 2000 climbed 83.76 points (7.64%) to 1,180.32, and the Wilshire 5000 increased 1,505.52 points (6.05%) to 26,834.10.   The price of the 10-year Treasury note was up 3/32, decreasing its yield to 0.834%. The price of the 30-year Treasury bond increased 29/32, bringing its yield down to 1.419%.
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