October 2nd, 2020

MTA Sues Investment Manager for Not Protecting Funds During COVID-19 New York transit worker pension plans say the firm’s mismanagement caused ‘astonishing’ losses. Read more > 15th Anniversary of RPAY: Jeb Graham One sign of the changing times since Jeb Graham was named Retirement Plan Adviser of the Year in 2013 is that plan sponsors are much more interested in the financial and physical well-being of their employees. Read more > An Eye-Opening Millennial Q&A Kevin Boyles at Millennium Trust says companies have been responding to the pandemic with exceptional agility—driven in no small part by the expectations of their Millennial workers. Read more > Investment Product and Service Launches CTIM adopts Bloomberg PORT Enterprise, AIM solutions; SS&C Technologies introduces insurance marketplace; Franklin Templeton announces new all-inclusive fee structure; and more. Read more > MOST READ ARTICLES

Schlichter Attorneys Sanctioned for ‘Reckless’ ERISA Suit A federal judge said attorneys ignored red flags about their expert witness and that they ‘manufactured’ the case. Read more > Advisers Giving Back: Stephanie Hunt Stephanie Hunt at Atlanta Retirement Partners is closely involved with the Food Bank of Northeast Georgia; she particularly enjoys donating her time to the Food 2 Kids program. Read more > Market Mirror Thursday, the Dow was up 35.20 points (0.13%) at 27,816.90, the NASDAQ gained 159.00 points (1.42%) to finish at 11,326.51, and the S&P 500 increased 17.80 points (0.53%) to 3,380.80. The Russell 2000 climbed 23.51 points (1.56%) to 1,531.20, and the Wilshire 5000 closed 288.39 points (0.84%) higher at 34,768.66.   The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.676%. The price of the 30-year Treasury bond was unchanged, with its yield down to 1.454%.

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