Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 2nd, 2018
Investments
Green Bonds as Part of an ESG Investing Strategy
Yvette Klevan, managing director and portfolio manager/analyst at Lazard explains in a report that a green bond is a standard fixed income instrument whose proceeds are used to finance “green” or environmentally friendly projects. “This type of investment is compatible with an ESG framework (especially the environmental and social factors). In the past, investors have tended to focus more specifically on governance factors to better understand the risks and opportunities associated with lending to different entities. Today, however, instruments like green bonds are allowing investors to directly address the environmental and social aspects of their investments. Proceeds from green bonds issued to finance solar or wind projects, for instance, may also provide clean water, lessen pollution, and introduce a sustainable energy source to remote areas,” she says. “Ultimately, we believe that an active and tactical approach to investing in green bonds may allow investors to better manage risk factors, such as those relating to currencies and rates,” Read more >
Products, Deals and People
Retirement Industry People Moves
USI adds practice leader for defined benefit actuarial services; Ascensus acquires two new TPAs; Voya hires VP for tax exempt markets business; and more. Read more >
2018 Retirement Plan Advisers of the Year
2018 Retirement Plan Advisers of the Year Winners
The 2018 PLANSPONSOR Retirement Plan Adviser of the Year winners were announced at our Excellence in Retirement awards dinner last week in New York City. Profiles of the winners, as well as all finalists, can be viewed online. Read more >
MOST READ ARTICLES
1
The Senate Math That Could Block SECURE Act
2
House Committee Advances Bill to Establish Union Pension Lifeline Program
3
Open MEPs Not for Every Plan Sponsor
4
Driving Financial Wellness at Work
5
Pension Participants Claim ERISA Breaches in Dow DuPont Pension Transfer
Economic Events

THE ECONOMIC WEEK AHEAD: Today, the Census Bureau will report about construction spending for February. Wednesday, the Census Bureau will report about factory orders for February. Thursday, the Labor Department will issue its initial claims report. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for March.

Market Mirror

The stock and bond markets were closed on Friday.

 

WEEK’S WORTH: For the week ending March 30, the Dow climbed 2.42%, the NASDAQ was up 1.01%, and the S&P 500 gained 2.03%. The Russell 2000 increased 1.28%, and the Wilshire 5000 finished 1.85% higher.

Compliance
Edward Jones Fails to Win Dismissal of Self-Dealing Suit
The defendants argued that a court decision in a self-dealing lawsuit against Wells Fargo supports their motion to dismiss their suit. Read more >
Plan Fiduciary Ordered to Pay Restitution for Stealing From 401(k)
According to the Department of Labor (DOL), the fiduciary failed to remit employee contributions to the plan and used the funds instead for business and personal purposes. Read more >
Small Talk

ON THIS DATE: In 1513, Spanish explorer Juan Ponce de Leon sighted Florida. In 1865, Confederate President Jefferson Davis and most of his cabinet fled the Confederate capital of Richmond, Virginia. In 1877, the first Egg Roll was held on the grounds of the White House. In 1889, Charles Hall patented aluminum. In 1902, the first motion picture theatre opened in Los Angeles. In 1917, U.S. President Woodrow Wilson presented a declaration of war against Germany to Congress. In 1951, U.S. General Dwight Eisenhower assumed command of all allied forces in the Western Mediterranean area and Europe. In 1984, John Thompson became the first black coach to lead his team to the NCAA college basketball championship. In 1985, the NCAA Rules Committee adopted the 45-second shot clock for men’s basketball to begin in the 1986 season. In 1987, the speed limit on U.S. interstate highways was increased to 65 miles per hour in limited areas. In 1992, Mob boss John Gotti was convicted in New York of murder and racketeering. He was later sentenced to life in prison. In 2014, the U.S. Supreme Court ruled that limits on the total amount of money individuals can give political candidates and political action committees were unconstitutional.

SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Which of the final four, if any, would you like to see win?” Loyola University Chicago was selected by the majority (56.4%) of responding readers, while 1.3% selected “any team but Loyola-Chicago.” University of Michigan was chosen by 12.8% of respondents; University of Kansas was picked by 6.4%; and Villanova University was selected by 5.1%. Nearly two in ten (17.9%) chose “None/Don’t Care.” In respondents’ verbatim comments about the NCAA tournament, it was clear that Loyola’s unofficial mascot, Sister Jean, won the hearts of many, while others said they chose Loyola because they root for the underdog—and a few were from Chicago. Of course there were other comments about wanting other teams to win and general feelings about the tournament in general. Editor’s Choice goes to the reader who said: “If you hadn’t listed them, I wouldn’t even know who was in the finals! Last week you asked how much productivity is lost due to March Madness. Answering both of these surveys is the extent of my lost productivity!” Thanks to everyone who responded to the survey! Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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