Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 1st, 2018
Investing
Post-Crisis Pension Portfolios Include More Fixed Income, LDI Strategies
CEM Benchmarking has published a new report analyzing corporate defined benefit (DB) plan investment trends since the financial crisis. According to the analysis, faced with the dual goals of closing funding shortfalls and reducing pension plan risk, data from close to 100 U.S. corporate pension plan sponsors shows plan sponsors have chosen to retain much of the risk and to let funded status guide their de-risking programs. While few plan sponsors would want to return to the dark days of late 2008 and early 2009, the analysis suggests that subsequent years have brought their own challenges for pension plans. Read more >
Tax Reform Could Impact Corporate Bond Supply, LDI Strategies
Willis Towers Watson researchers present various opportunities “outside of traditional hedging assets other than long corporate credit that may be added to [pension funds’] hedging portfolios to help provide a diversifying source of long-term credit premia.” Read more >
Products, Deals and People
Hellman & Friedman Buying Financial Engines for $3.02 Billion
Hellman & Friedman, which owns Edelman Financial Services, will combine the two companies. Read more >
Solution Targets Practical Employee Financial Literacy Gains
The Financial Elements program breaks down challenging concepts into simple elements to increase financial literacy and reduce employee financial stress through education and behavioral coaching. Read more >
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2019 PLANSPONSOR National Conference
Market Mirror

Monday, the Dow closed down 148.04 points (0.61%) at 24,163.15, the NASDAQ fell 53.53 points (0.75%) to reach 7,066.27, and the S&P 500 dropped 21.86 points (0.82%) to 2,648.05. The Russell 2000 fell 14.35 points (0.92%) to 1,541.88, and the Wilshire 5000 lost 213.76 points (0.77%) to close at 27,520.95.

 

The price of the 10-year Treasury note was up 4/32, decreasing its yield to 2.949%. The price of the 30-year Treasury bond increased 7/32, bringing its yield down to 3.117%.

Magazine
Behavioral Finance: Sandwiched Between
While being in the “sandwich generation” might sound appetizing, finding oneself called on to financially support both children and aging parents during one’s prime earning years can be a real retirement-readiness killer. Read more >
Compliance
‘Peeps’ Candy Company Loses Appeal in Multiemployer Pension Funding Case
The employer sought to carve out new hires from a critical-status multiemployer pension fund and instead direct their contributions into a 401(k) plan—but both a district court and appellate court have called foul. Read more >
Small Talk

ON THIS DATE: In 1707, England, Wales and Scotland were united to form Great Britain. In 1863, in Virginia, the Battle of Chancellorsville began. General Robert E. Lee’s forces began fighting with Union troops under General Joseph Hooker. In 1877, President Rutherford B. Hayes withdrew all Federal troops from the South, ending Reconstruction. In 1883, William F. Cody (Buffalo Bill) had his first Wild West Show. In 1922, Charlie Robertson of the Chicago White Sox pitched a perfect no-hit, no-run game against the Detroit Tigers. The Sox won 3-0. Another perfect game did not come along until 46 years later. In 1945, Admiral Karl Doenitz succeeded Hitler as leader of the Third Reich—one day after Hitler committed suicide. In 1948, the People’s Democratic Republic of Korea (North Korea) was proclaimed. In 1950, Gwendolyn Brooks became the first African American to win the Pulitzer Prize for her book of poetry called Annie Allen. In 1971, the National Railroad Passenger Corp. (Amtrak) went into service. It was established by the U.S. Congress to run the nation’s intercity railroads. In 1986, the Tass News Agency reported the Chernobyl nuclear power plant accident. In 1986, Bill Elliott set a stock car speed record with his Ford Thunderbird in Talladega, Alabama. Elliott reached a speed of 212.229 mph. In 1989, Disney-MGM Studios opened. In 2011, President Barack Obama announced that U.S. soldiers had killed Osama bin Laden in Pakistan.

 

 

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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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