Sponsored message from BNY Mellon Investment Management |
A new custom target date modeling tool is democratizing retirement |
BNY Mellon Investment Management and Wilshire Associates have launched BNY Mellon Custom Target Date Builder, an institutional-strength modeling tool for custom portfolios designed for small and mid-size DC plans.
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PBGC Takes Over J.C. Penney Pension |
A purchase agreement allowing the company to emerge from Chapter 11 bankruptcy does not include the pension plan debts or assets, despite its comparatively strong funding position.
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Magnifi Integrates Fi360 Fiduciary Score |
Fi360 scores can recommend best-fit products while staying in compliance with Reg BI requirements
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Retirement Industry People Moves |
OneDigital acquires Berkshire employee benefits division; SageView Advisory Group hires institutional client relationship leaders; Janus Henderson investors selects ESG global head; and more.
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Sponsored message from American Century Investments |
An ERISA Attorney’s Views on Target-Date Fund Selection |
Brad Campbell opines on how ERISA protects fiduciaries—if they document their decisions the right way.
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Market Mirror |
Friday, the Dow declined by 66.78 points (0.24%) to fall to 28,323.40, the NASDAQ inched upwards by a mere 4.30 points (0.04%) to close at 11,895.23, and the S&P 500 was off by a mere 1.01 points (0.03%) to end at 3,509.44. The Russell 2000 declined by 15.89 points (0.95%) for a 1,644.16 finish, and the Wilshire 5000 lost 11.92 points (0.03%) to end at 36,256.93. The price of the 10-year Treasury note declined by 4/32, increasing its yield to 0.818, and the price of the 30-year Treasury bond was down 1 28/32, increasing its yield to 1.600%. WEEK’S WORTH: For the week ended November 6, the Dow was up by 6.87%, the S&P 500 was up 7.32%, the NASDAQ gained 9.01%, the Russell 2000 ended 6.87% higher, and the Wilshire 5000 was up by 7.51%.
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