PLANADVISERdash – October 27, 2021

Weekday news and analysis for retirement plan advisers

Wednesday, October 27, 2021

Exclusives

Awards

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COMPLIANCE

Could This Be a DOL ESG Framework That’s Here to Stay?

In addition to the important practical takeaways of the DOL’s proposed rule on ESG investing and proxy voting, sources say the potential impact and what the department is signaling with the proposal are enormous.

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Morningstar Finds ESG Funds Are More Expensive Than Conventional Funds

In general, fund fees continue to decline, including those of actively managed funds.

Today’s Most Read

1.	SageView’s Long: ‘Tremendous’ Consolidation Still to Come in Retirement, Wealth
2.	Judge Upholds DOL ESG Rule
3.	Money Over Marriage: Younger Generations’ Priorities Present Adviser Opportunity

Sponsored by Natixis Investment Managers

Sustainable investing. Built for business.

ESG investing is about wisdom and smart choices. And strategies aimed at managing risk, uncovering opportunities, meeting mandates, and reaching financial goals. >Discover how ESG Means Business.

Walgreen Co. Agrees to Settle Suit Challenging Underperforming TDFs

The challenged target-date funds have already been taken out of the plan, and the defendants have agreed to pay $13.75 million into a settlement fund.

Fidelity Program Aims to Facilitate Easier Wealth Transitions

Fewer than four in 10 advisers say they have a successful track record of partnering with their clients’ children or spouses on successful wealth transitions, meaning the stability and longevity of many advisers’ practices may be in question.

Provider Recommendations

Does relying on certain ‘go-to’ providers have implications under ERISA?

Market Mirror

Tuesday, the Dow closed 15.73 points (0.04%) higher at 35,756.88, the Nasdaq was up 9.01 points (0.06%) at 15,235.72, and the S&P 500 inched up 8.31 points (0.18%) to 4,574.79. The Russell 2000 lost 16.56 points (0.72%) to finish at 2,296.08, and the Wilshire 5000 increased 12.52 points (0.03%) to 47,560.57.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 1.612%. The price of the 30-year Treasury bond increased 31/32, bringing its yield down to 2.040%.

Industry Intel Roundup
Featured Webcasts

PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.

Sponsored by Allianz Life Insurance Company of North America

Guaranteed Lifetime Income: What participants are asking for

Interest in guaranteed lifetime income is growing, but plan participants want more than just a reliable stream of monthly income. Flexibility, accessibility, and other personalized features are paramount to helping participants achieve outcomes aligned with their unique priorities. In this session we will highlight our latest research, plus four case studies demonstrating how an in-plan annuity can help drive positive outcomes for a diverse range of plan participants.

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