May 13th, 2019

PBGC Submits Updated Proposal for Determining Whether Plans Covered by ERISA The agency explains that, in limited situations, employers will be able to use the soon-to-be issued coverage forms to request an opinion letter about whether a plan being developed is likely to receive PBGC coverage. Read more > Morgan Stanley’s Solium Acquisition Is All About Cross-Selling Morgan Stanley executives say the recent acquisition and rebranding of Solium Capital reflects the firm’s goals of connecting with wealth management clients earlier in their careers and in more holistic ways—including through the retirement vertical. Read more > Retirement Industry People Moves HighTower Adds Leadership Hires to Corporate Team; Morgan Stanley Makes Series of New Hires; Morneau Shepell Acquires Mercer DB Administration Business; and more. Read more > Investment Product and Service Launches TD Ameritrade Expands Commission-Free ETF Trading Program, and Federated Investors Acquires Several PCA Equity Funds. Read more > MOST READ ARTICLES

Sponsored message from Ascensus Redefining Wellness: It Starts with the Employer When it comes to benefit program delivery, the definition of “wellness” is about to change. Click to learn more: Read more > State-Based Fiduciary Standards Some legislators and regulators act to fill a perceived void Read more > Familial Caregiving Affects Many Experts advise making financial plans before they are needed Read more > Market Mirror Friday, the Dow climbed 114.01 points (0.44%) to 25,942.37, the NASDAQ increased 6.35 points (0.08%) to 7,916.94, and the S&P 500 closed 10.68 points (0.37%) higher at 2,881.40. The Russell 2000 was up 2.94 points (0.19%) at 1,572.99, and the Wilshire 5000 gained 107.21 points (0.36%) to finish at 29,801.61.   The price of the 10-year Treasury note decreased 7/32, bringing its yield up to 2.472%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 2.889%.   WEEK’S WORTH: For the week ending May 10, the Dow was down 2.12%, the NASDAQ fell 3.03%, and the S&P 500 finished 2.18% lower. The Russell 2000 lost 2.54%, and the Wilshire 5000 decreased 2.16%.

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