Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 28th, 2020
Retirement Industry Cheers New ‘Securing a Strong Retirement Act’
The bipartisan piece of legislation includes provisions that have long been popular among retirement industry stakeholders, including the elimination of barriers to allow greater use of lifetime income products. Read more >
A Financial Services Diversity Action Plan
Both responding to and reflecting the times, leaders at major financial services organizations are growing increasingly vocal about the importance of cognitive and cultural diversity on a team’s long-term performance. Read more >
Getting Income Projections Right
Retirement industry practitioners support the provision of mandatory lifetime income disclosures to plan participants, but they also emphasize the importance of broader income conversations and education. Read more >
Human Interest Offers 3% Cash Back for New Retirement Savers
Retirement Industry People Moves
Pilot Sues American Airlines Due to ESG 401(k) Investing Strategy
Vestwell Partners With Payroll Provider Gusto on Integrated 401(k)
Franklin Templeton to Acquire Putnam for $925 Million
Sponsored message from Wells Fargo Asset Management
COVID-19 changed everything. Including how we think about retirement.
According to our annual retirement survey, the pandemic has inspired more anxiety among workers planning for the future. Working together, we can help solve this. Let’s reclaim retirement. Read more >
Part Art, Part Science: Managed Account Due Diligence
A managed account program’s fees can be cut in half if it’s selected as a retirement plan’s default investment, although cost is just one of many important due diligence factors.  Read more >
Fear of Retirement Spending Worsened by Pandemic
Retired households with less than $200,000 accumulated in a DC plan at retirement tend to spend down only about a quarter of their assets during the first two decades of retirement. Read more >
Sponsored message from New York Life Investments
Balanced retirement portfolios, no matter the balance of power.
Perspectives on electing high-yield bonds and other non-core assets. Read more >
How to Show Your Worth
Best practices for navigating today’s ‘out of control’ RFP process. Read more >
Market Mirror
Tuesday, the Dow fell by 222.19 points (0.80%) to 27,463.19, the NASDAQ rose by 72.41 points (0.64%) to reach 11,431.35, and the S&P 500 eked downward by 10.29 points (0.30%) to 3,390.68. The Russell 2000 gave up 14.50 points (0.90%) for a 1,590.71 close, and the Wilshire 5000 was also down, by 90.51 points (0.26%) for a 36,033.06 finish. The price of the 10-year Treasury note was up by 3/32, lowering its yield to 0.777%, and the price of the 30-year Treasury bond was up by 30/32, lowering its yield to 1.562%.
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