Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 3rd, 2019
Rep. Fudge Grills DOL Secretary on Fiduciary Rule Foot-Dragging
During an exchange on Capitol Hill on Wednesday, the Democratic representative from Ohio pressed DOL Secretary Alexander Acosta for details on how the regulator is addressing advisory industry conflicts of interest. Read more >
IRS Expands Determination Letter Program
Hybrid plans and merged plans can now request a determination letter. Read more >
RIA M&As Hit Record High for Fifth Consecutive Year
However, RIAs and fee-based advisers expect consolidation to slow down in the next 12 months. Read more >
Investors Are Paying Less for Fund Fees
A report by Morningstar credits this decline to the migration towards lower-cost funds and an influx of strategic-beta funds. Read more >
MOST READ ARTICLES
FPS Group Introduces AdvisorConnect for 403(b) and 457(b) Plan Participants
AdvisorConnect is a support network of plan sponsor-approved, registered financial professionals who specialize in the public-sector retirement space and has been designed as a value-add to plan participants seeking customized financial solutions Read more >
FTSE Russell Adds Investment-Graded Index
The index, which also tracks tax-exempt U.S. dollar-denominated bonds, will include sub-indexes to allow for a thorough analysis of the municipal bond market structure. Read more >
Market Mirror
Thursday, the Dow lost 122.35 points (0.46%) to finish at 26,307.79, the NASDAQ was down 12.87 points (0.16%) at 8,036.77, and the S&P 500 closed 6.21 points (0.21%) lower at 2,917.52. The Russell 2000 was up 6.27 points (0.40%) at 1,582.65, and the Wilshire 5000 decreased 53.65 points (0.18%) to 30,127.35. The price of the 10-year Treasury note decreased 13/32, bringing its yield up to 2.548%. The price of the 30-year Treasury note fell 19/32, increasing its yield to 2.935%.
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