Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 13th, 2017
Products, Deals and People
Blackstone to Acquire Aon Hewitt’s Benefits and HR Platform
Private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Aon plc’s technology-enabled benefits and human resources platform, currently part of Aon Hewitt. Aon Hewitt says this transaction sharpens its focus on delivering advice and solutions, accelerates innovation on behalf of clients and improves return on invested capital. Read more >
Retirement Industry People Moves
Nationwide combines public and private retirement plan teams; Lincoln Financial names new president of tax-exempt retirement plans; IRIC names first executive director; and more. Read more >
MOST READ ARTICLES
1
J.P. Morgan Agrees to Settle Stable Value Funds Suit
2
SECURE Act Passes House, Bringing Calls for Senate Collaboration
3
Individuals, Employers and Government All Play a Part in Retirement Readiness
4
Participant Loans: A Fiduciary Storm Brewing?
5
What to Know About Financial Audits Filed with Form 5500s
Economic Events

THE ECONOMIC WEEK AHEAD: Tomorrow, the Bureau of Labor Statistics will reveal the producer price index for January. Wednesday, the Bureau of Labor Statistics will reveal the consumer price index for January, and the Census Bureau will report about retail sales for January and business trade for December. Thursday, the Census Bureau will report about housing starts for January and the Labor Department will issue its initial claims report.

Market Mirror

Friday, the Dow climbed 96.97 points (0.48%) to 20,269.37, the NASDAQ closed 18.95 points (0.33%) higher at 5.734.13, and the S&P 500 was up 8.23 points (0.36%) at 2,316.10. The Russell 2000 increased 10.32 points (0.75%) to 1,388.84, and the Wilshire 5000 gained 92.71 points (0.38%) to finish at 24,248.91.

On the NYSE, 3.1 billion shares traded, with advancing issues outnumbering declining issues more than 2 to 1. On the NASDAQ, 3.0 billion shares changed hands, with a near 2 to 1 lead for advancers.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 2.407%. The price of the 30-year Treasury bond was up 3/32, decreasing its yield to 3.005%.

WEEK’S WORTH: For the week ending February 10, the Dow gained 0.99%, the NASDAQ climbed 1.19%, and the S&P 500 increased 0.81%. The Russell 2000 was up 0.80%, and the Wilshire 5000 finished 0.82% higher.

Sponsored message from PNC Retirement Solutions
PNC Retirement Solutions Embraces Fiduciary Role
Peter Ferrise, Director of Investments for PNC Retirement Solutions, discusses how the Department of Labor’s final fiduciary rule may push more defined contribution plan sponsors to consider 3(21) advisory or 3(38) investment management services. Read more >
Investing
Institutional Investors Doing Something Different to Get Returns
Real assets are anticipated to be the largest beneficiaries of institutional asset flows in 2017, a BlackRock survey found. Read more >
Smart Beta Evolution Targets the DC Space
The potential for enhanced returns with reduced risks and costs would seem appealing to any plan sponsor, but what is really behind the label “smart beta,” and can it work in defined contribution (DC) plans? Read more >
Rates, Inflation and Uncertainty All Rise in 2017
A look at this year’s market expectations, and what defined benefit plan sponsors and defined contribution plan participants should know. Read more >
Small Talk

ON THIS DATE: In 1741, “The American Magazine,” the first magazine in the U.S., was published in Philadelphia, Pennsylvania. In 1889, Norman Coleman became the first U.S. Secretary of Agriculture. In 1914, the American Society of Composers, Authors and Publishers (known as ASCAP) was formed in New York City. The society was founded to protect the copyrighted musical compositions of its members. In 1920, the National Negro Baseball League was organized. In 1935, in Flemington, New Jersey, a jury found Bruno Richard Hauptmann guilty of the kidnapping and death of the infant son of Charles and Anne Lindbergh. In 1945, during World War II, Allied aircraft began bombing the German city of Dresden. In 1960, France detonated its first atomic bomb. In 1965, sixteen-year-old Peggy Fleming won the ladies senior figure skating title at Lake Placid, New York. 1990, in Ottawa, the United States and its European allies forged an agreement with the Soviet Union and East Germany on a two-stage formula to reunite Germany. In 2000, Charles M. Schulz’s last original Sunday “Peanuts” comic strip appeared in newspapers. Schulz had died the day before. In 2002, former New York mayor Rudolph Giuliani received an honorary knighthood from Queen Elizabeth II.

SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Do you consider yourself an introvert or extrovert, and how comfortable would you feel delivering a 15-minute speech to an audience of 200?” Nearly eight in 10 responding readers (79.8%) consider themselves to be introverts, while 13.5% say they are extroverts and 6.7% say they are neither. Nearly one-quarter (24.7%) indicated they would feel very uncomfortable delivering a 15-minute speech to an audience of 200, while nearly three in 10 (29.2%) said they would feel very comfortable. Comments by readers were very interesting. Several that consider themselves extroverts actually are nervous giving presentations and several introverts say they do well. Many agreed that “practice makes perfect” and knowing the subject matter well helps. And, I was reminded by many responses that being an introvert does not necessarily mean you are shy; it just means you have to step away from the energy drain of being around a lot of people. Editor’s Choice goes to the reader who said: Speaking in front of people—no problem. Put me in a ‘networking event’ with high top tables and people milling about—no thank you!” Thanks to everyone who participated in 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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