October 26th, 2018

Closer Examination of DOL MEP Regulations Days after the DOL published new regulations pertaining to multiple employer plans, it is becoming clearer exactly what its 100-page proposal entails—and the consensus is that DOL is holding short of embracing “open MEPs.” Read more > ICI Recommends SEC Create Summary Shareholder Report A test of the summary report found more than 90% of mutual fund investors agreed it was enough to help them stay informed and was a document they would be more likely to read than current reports. Read more > Vantage Benefits Administrators Owners Indicted for Stealing From Retirement Plans If convicted on all counts, they face up to 81 years in federal prison. Read more > Live Event: The Road to Success in TDF Selection The tremendous increase in the number of participants close to retirement and relying on TDFs means a market correction could be devastating. Read more > Investment Product and Service Launches Fiduciary Tool Added to Broadridge Analytic Solution; SS&C Technologies Adds ERS Managed Account Solution to Recordkeeping Platform; BlackRock Launches Multiple ESG Funds and Tools; and more. Read more > MOST READ ARTICLES

Americans in LIMRA Survey Prefer Lifetime Income Over Lump Sums More than half say they would prefer guaranteed income of $660 a month over a $120,000 lump sum, LIMRA SRI found in a survey. Read more > Fidelity Offers Personalized Financial Wellness The solution uses new digital technology to help employees assess their individual financial wellness needs. Read more > Market Mirror Thursday, the Dow gained 401.13 points (1.63%) to finish at 24,984.55, the NASDAQ closed 209.94 points (2.95%) higher at 7,318.34, and the S&P 500 increased 49.47 points (1.86%) to 2,705.57. The Russell 2000 was up 31.70 points (2.16%) at 1,500.40, and the Wilshire 5000 climbed 518.50 points (1.89%) to 27,897.46.   The prices of the 10-year Treasury note and 30-year Treasury bond each were down 5/32, increasing their yields to 3.123% and 3.342%, respectively.

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