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| Products, Deals and People |
| Defined contribution (DC) plan services provider Milliman Inc. has rolled out new features on its participant-facing website, www.MillimanBenefits.com, including an interactive “It’s Your Move” dashboard with tools that support successful retirement behaviors.Read more > |
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| Industry Voices |
| Reductions in Multiemployer Plan Withdrawal Liability Possible |
| Robert R. Perry, a principal in the New York City office of Jackson Lewis P.C., recently represented an employer in a withdrawal liability arbitration that resulted in the employer saving approximately $15 million.Read more > |
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| Market Mirror |
Yesterday, the Dow was up 24.45 points (0.13%) at 18,372.12, the NASDAQ closed 17.09 points (0.34%) lower at 5,005.73, and the S&P was virtually unchanged at 2,152.43. The Russell 2000 decreased 4.72 points (0.39%) to 1,201.16, and the Wilshire 5000 was down 14.22 points (0.06%) at 22,295.07.
On the NYSE, 3.1 billion shares traded, with a slight lead for decliners. On the NASDAQ, 2.6 billion shares changed hands, with 3 declining issues for every 2 advancing issues.
The price of the 10-year Treasury note increased 11/32, bringing its yield down to 1.473%. The price of the 30-year Treasury bond climbed 1 5/32, decreasing its yield to 2.174%. |
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| Compliance |
| The Department of Labor’s Employee Benefits Security Administration (EBSA) is hosting three fiduciary responsibilities seminars in July and August, in locations across the country.Read more > |
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| From the Magazine |
| Fewer Choices: The state of health care benefits |
| Seemingly each year since passage of the Patient Protection and Affordable Care Act (ACA), employers must revisit their decisions about health care benefits: How can they ensure, based on changes to the act, the market—and their own expectations—that they can watch their bottom line while properly caring for their staff?Read more > |
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| Investing |
| Asset Managers Committed to Securities Lending Business |
| A combination of the acceptance of securities lending by institutional investors, reduced risk and greater regulatory attention is keeping asset managers in the securities lending market, according to a survey by Finadium. Among the 30 North American and European asset managers surveyed, 89% are lending, up from 84% last year. Further, none of the firms with securities lending programs had ended them, and several non-lending managers were considering restarting.Read more > |
| Institutional Investors Setting Alternative Investment Trends |
| The demand for alternative investments among institutional clients remains strong, leading asset managers to focus on the space as a likely growth area, according to new research from Cerulli Associates. “Expectations regarding future capital market returns and the need to optimize risk-adjusted performance are the leading drivers of investors’ interest in alternatives,” explains Michele Giuditta, associate director at Cerulli. “With equity and bond valuations stretched, the potential diversification benefits and alpha provided by alternatives appear favorable on a relative value basis.”Read more > |
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| Small Talk |
| ON THIS DATE: In 1798, the U.S. Congress passed the Sedition Act. The act made it a federal crime to write, publish, or utter false or malicious statements about the U.S. government. In 1868, Alvin J. Fellows patented the tape measure. In 1946, Dr. Benjamin Spock’s “The Common Sense Book of Baby and Child Care” was first published. In 1998, Los Angeles sued 15 tobacco companies for $2.5 billion over the dangers of second hand smoke. In 2015, NASA’s New Horizons spacecraft became the first space mission to explore Pluto. |
| SURVEY SAYS: “There’s an app for that,” seems true for almost everything. This week, I’d like to know, do you have a Smartphone, how many apps have you downloaded on it, and what is your MOST favorite app and why? You may respond to this week’s survey by 6 p.m. Pacific time today.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 > |
