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May 21st, 2020 |
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| DOL’s EBSA Reveals Final Electronic Disclosure Rule | |
Compared with other regulatory efforts undertaken in recent years by the Department of Labor, this one enjoys near universal support among retirement plan industry stakeholders.
Read more > | | | New Obligation to the SEC | | The Form CRS disclosure obligation will be triggered when you provide rollover advice to an individual who comes to you as a retail investor. There are two disclosures for rollovers. One is for new clients and the other is for existing clients, each with specific delivery requirements.
Read more > | | | Let Me Introduce Myself | | When Matt Demet wants to ask a sponsor client for a referral, depending on that person’s style, he may do it during a meeting, or after the meeting over a glass of wine or beer, or by email.
Read more > | | | Pooled Strength | | By allowing the PEP to file a single Form 5500 and conduct one annual audit, the arrangement relieves much of the regulatory burden that has kept small businesses from offering retirement benefits, experts say.
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| Ascensus to Offer App to Help Participants With Savings Decisions | |
As employees make savings decisions, the app will offer illustrations of what those elections might mean for future progress.
Read more > | | | New Tool Helps Participants Project Retirement Readiness | |
John Hancock’s retirement planner suggests steps that will help participants get on track if they’re behind or improve their general financial health if they’re retirement ready.
Read more > | | | SAVVI Financial Designs Relief Assistant for Struggling Households | |
The tool takes into account the latest rules and resources from the CARES Act.
Read more > | | | Market Mirror | | Wednesday, the Dow closed 369.04 points (1.52%) higher at 24,575.90, the NASDAQ increased 190.67 points (2.08%) to 9,375.78, and the S&P 500 was up 48.67 points (1.67%) at 2,971.61. The Russell 2000 climbed 39.21 points (3.00%) to 1,346.93, and the Wilshire 5000 gained 525.71 points (1.78%) to finish at 30,125.36.
The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.682%. The price of the 30-year Treasury bond was up 2/32, bringing its yield down to 1.404%.
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