|
| Products, Deals and People |
| Paychex, LPL Partner to Provide Small Market Platform |
| The new platform helps minimize investment fiduciary risk and increases efficiency for retirement plan sponsors and advisers who work in the small-plan market.Read more > |
| MassMutual Launches Fiduciary Protection Services |
| Massachusetts Mutual Life Insurance Co. is launching Fiduciary Assure, fiduciary protection services and educational support for retirement plan sponsors, in partnership with Envestnet Retirement Solutions (ERS). ERS is providing fiduciary support for the selection of investment options.Read more > |
|
| Sponsored message from MetLife |
| Pension Risk Transfer Pulse. Get the latest findings from a recent MetLife poll.Read more > |
|
| Economic Events |
| Sales of new single-family houses in March were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.5% below the revised February rate of 519,000, but is 5.4% above the March 2015 estimate of 485,000. |
|
| Market Mirror |
Major U.S. stock indices closed lower as investors found little to like in the latest batch of company earnings, according to the Associated Press. The Dow was down 26.51 points (0.15%) at 17,977.24, the NASDAQ decreased 10.44 points (0.21%) to 4,895.79, and the S&P 500 slipped 3.78 points (0.18%) to 2,087.80. The Russell 2000 lost 8.60 points (0.75%) to finish at 1,138.09, and the Wilshire 5000 closed 49.96 points (0.23%) lower at 21,572.08.
On the NYSE, 3.1 billion shares traded, with a 2 to 1 lead for decliners. On the NASDAQ, 2.7 billion shares changed hands, with 1.6 declining issues for every advancing issue.
The price of the 10-year Treasury note was down 6/32, increasing its yield to 1.910%. The price of the 30-year Treasury bond decreased 17/32, bringing its yield up to 2.734%. |
|
| Compliance |
| Appellate Court Switches Burden of Proof for Benefits Claim |
| The court found the employer, not the participant, had access to key information to prove the participant was entitled to pension benefits.Read more > |
|
| Small Talk |
| ON THIS DATE: In 1514, Copernicus made his first observations of Saturn. In 1607, the British established an American colony at Cape Henry, Virginia. It was the first permanent English establishment in the Western Hemisphere. In 1865, Joseph E. Johnston surrendered the Army of Tennessee to Sherman during the American Civil War. In 1865, the U.S. Federal Cavalry killed John Wilkes Booth. In 1921, weather broadcasts were heard for the first time on radio in St. Louis, Missouri. In 1986, the world’s worst nuclear disaster to date occurred at Chernobyl, in Kiev. Thirty-one people died during the incident and thousands more were exposed to radioactive material. |
| TRIVIAL PURSUITS: Many people may remember cartoons that depict characters digging straight through the earth and ending up in China. However, if you did so from the U.S., that’s not where you would be. If you were in the United States and dug a hole until you ended up on the other side of Earth, where would you be?Read more > |
| Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more > |
