November 23rd, 2020

A Strong Appetite for ‘SECURE Act 2.0’ in Congress One retirement plan industry executive says his conversations with members of the U.S. House and Senate make him optimistic that Congress could act sooner rather than later on the new legislation. Read more > $2.5M Settlement Reached in Teva Pharma Fee Case The settlement is a victory for the increasingly well-known law firm Capozzi Adler, which has filed numerous ERISA excessive fee lawsuits in the past several years. Read more > Determining Realistic Retirement Income Adequacy A DCIIA forum reviewed tactics on calculating future retirement income.  Read more > Have We Learned Anything From So Much ERISA Litigation? This hour-long, editorial-driven webinar will examine the ERISA litigation landscape, looking beyond the seemingly endless flow of new complaints and settlements to identify where plaintiffs are having genuine legal success, where their claims are falling short, and what lessons can be distilled by retirement plan fiduciaries. Read more > MOST READ ARTICLES

Sponsored message from Hartford Funds Retirement Brings Risks Learn how Hartford AARP Balanced Retirement Fund can help in planning for the years ahead. Read More – Read more > Empathy Seen as a Valuable Adviser Tool During Pandemic Advisers who have actively reached out to clients say they have been able to maintain them. Read more > Retirement Industry People Moves Strategic Development VP joins Pentegra; PCS Retirement adds new hires to marketing department; TIAA president and CEO announces retirement; and more. Read more > Market Mirror Friday, the Dow was down by 219.75 points (0.75%) to end at 29,263.48, the NASDAQ shed 49.74 points (0.42%) for a 11,854.97 close, and the S&P 500 lost 24.33 points (0.68%) for a 3,557.54 finish. The Russell 2000 eked upward by 1.21 points (0.07%) to reach 1,785.34, and the Wilshire 5000 gave up 195.87 points (0.53%) to end at 37,023.18. The 10-year Treasury note was unchanged at 0/32, leaving its yield at 0.831%, and the 30-year Treasury bond was up 28/32, lowering its yield to 1.523%. WEEK’S WORTH: For the week ended November 20, 2020, the Dow was down 0.73%, the S&P 500 was down 0.77%, and the NASDAQ was up 0.22%. The Russell 2000 was up 2.37%, and the Wilshire 5000 was up 0.08%.

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