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October 1st, 2020 |
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| AT&T Defeats ERISA Suit Over Early Retirement Benefits | | A U.S. District Court judge in Northern California has dismissed a lawsuit accusing AT&T of miscalculating pension benefits for early retirees.
Read more > | | | Most Advisers Will Favor Adopting In-Plan Guarantees | | Recent market turbulence and changing regulations have put a new lens on retirement needs. The pandemic is driving greater volatility, confidence in Social Security is eroding, access to defined benefit plans is on the decline, and systemic shifts continue placing greater responsibility—and greater pressure—on individuals to fund their own retirement.
Read more > | | | Investing Against COVID-19 | | The disappointment started in earnest when Italy was shuttered, and then was aggravated by the U.S. ban on inbound travel from Europe. Now, roughly five months later, the COVID-19 pandemic and its push and pull on the financial markets rank No. 1—or nearly so—on the agenda of every adviser, plan sponsor and participant.
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| Three Who Lead the Way | | As is often the case when it comes to advisers determining how to work with participants, the three advisers interviewed for this article, Daniel Bryant of Sheridan Road, Rita Fiumara of UBS and Rick Wedge of Pensionmark, show there is no one-size-fits-all method, as they each approach their work from a different angle.
Read more > | | | TIAA Says New Mobile Enrollment Experience Is a Sign of the Times | |
Consumers spent a collective 1.6 trillion hours on mobile devices during the first half of 2020, with a 220% increase in time spent in business apps.
Read more > | | | Market Mirror | | Wednesday, the Dow gained 329.04 points (1.20%) to reach 27,781.70, the NASDAQ increased 82.26 points (0.74%) to 11,176.51, and the S&P 500 closed 27.53 points (0.83%) higher at 3,363.00. The Russell 2000 gained 32.78 points (2.22%) to finish at 1,507.69, and the Wilshire 5000 increased 255.38 points (0.75%) to finish at 34,480.32.
The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.685%. The price of the 30-year Treasury bond fell 1 23/32, bringing its yield up to 1.462%.
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