PLANADVISER Weekend Newsdash
Week ending March 27th, 2020

Even just a few weeks ago it would have been a stretch to imagine that the U.S. Congress would soon be passing the largest single economic stimulus package in the nation’s history. Fast forward to the end of March 2020 and the federal government is in the process of rolling out a $2 trillion relief package, and not a moment too soon. Single week unemployment claims jumped to well above 3 million, a figure that dwarfs the worst weeks of the Great Recession. Find below what we hope will be helpful insight and analysis of what comes next.

Editor's choice
Congress Moves Ahead on Major Stimulus
Wayne Chopus, president and CEO of the Insured Retirement Institute (IRI) and a close follower of the happenings in Washington, says the stimulus package includes many other forms of much-needed economic assistance that will hopefully help to blunt the impact on workers’ retirement planning success.   Read more >
How to Run a Remote Advisory Firm
‘This is likely the moment we will become full-time remote and never go back,’ one adviser says. ‘The challenge will be maintaining camaraderie.’ Read more >
Responding to Coronavirus, SEC Eases Certain Fund and Adviser Requirements
While in-person participation is an important part of the financial system regulated by the SEC, the virus is forcing market makers to significantly adjust their operations. Read more >
News Reports: Treasury Wants to See Money Market Fund Guarantee
Media outlets suggest one of the federal government’s responses to the coronavirus outbreak will be to temporarily guarantee money market funds—mirroring what proved to be an important policy decision made during the Great Recession. Read more >
Could Market Volatility (or Recession) Disrupt Record M&A Activity?
For some years now, advisory firm owners have enjoyed a sellers’ market that has spurred record merger and acquisition volumes. Read more >
MOST POPULAR STORIES
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business

CEO Dan Houston discusses recent moves furthering the firm's asset management focus.

Biden’s First Veto Keeps DOL’s ESG Rule in Place

The president followed through on his promise to veto a Congressional attempt to nix a DOL rule allowing ESG investing in retirement plans.

2023 Retirement Plan Adviser of the Year Finalists

Award recipients will be recognized at the PLANADVISER Industry Leader Awards in New York City.

Experts Predict Major Growth in Retirement Coverage, Benefits

By year-end 2026, 88% of employers are projected to provide a defined contribution plan, according to new report from Transamerica.  

Complying With the Custody Rule and the New Custody Proposal

Experts explained common compliance mistakes involving the custody rule and spoke to the new custody rule proposal.

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