May 8th, 2020

IRS Answers Questions About CARES Act Provisions The agency says future guidance will be like that under the Katrina Emergency Tax Relief Act of 2005 (KETRA) to the extent the provisions of Section 2202 of the CARES Act are substantially similar to the provisions of KETRA that are addressed in that notice. Read more > The Standard Offers a Way to Give Back by Scheduling Adviser Call In addition, it is waiving distribution and loan origination fees for COVID-19-affected participants and CARES Act-related plan amendment fees for employers through August. Read more > Coronavirus News for Plan Advisers Focused editorial analysis of market movements, business challenges and legislative and regulatory actions. Read more > IRS Permits Digital Letter Ruling Requests The revised policy, instituted in response to the coronavirus pandemic, will remain in effect until the revenue procedure is modified or superseded. Read more > MOST READ ARTICLES

Investment Product and Service Launches Northern Trust offers ESG analytics solution; Innovator announces May series of Defined Outcome ETFs; Capital Group launches fund invested in sectors of the credit spectrum; and more. Read more > Invested in Technology Past Retirement Plan Advisers of the Year discuss their ‘tech support’ Read more > Market Mirror Thursday, the Dow was up 211.25 points (0.89%) at 23,875.89, the NASDAQ gained 125.27 points (1.41%) to finish at 8,979.66, and the S&P 500 increased 32.77 points (1.15%) to 2,881.19. The Russell 2000 climbed 19.92 points (1.58%) to 1,282.93, and the Wilshire 5000 closed 377.32 points (1.31%) higher at 29,113.80.   The price of the 10-year Treasury note increased 29/32, bringing its yield down to 0.631%. The price of the 30-year Treasury bond climbed 2 1/32, decreasing its yield to 1.322%.

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