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Benefits & Administration |
Cooler Markets, Lower Interest Rates Cause DB Plan Funded Status to Decline |
Asset management firms estimate pension funding ratios declined slightly in August, but most say they are up for the year.Read more > |
Investors Share Misconceptions About Retirement Savings |
One in five Americans incorrectly believes that 401(k) plans guarantee a steady stream of income in retirement regardless of market performance, according to a survey by the Indexed Annuity Leadership Council (IALC). Many respondents also reported the same misconception specifically in regards to mutual funds (22%) and certificates of deposit (20%). The study found only 9% of survey takers are focused on diversifying their portfolios.Read more > |
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Products, Deals and People |
Retirement Industry People Moves |
Northern Trust expands Foundation & Institutional Advisors team; Russell Investments names new CEO; Aon to acquire real estate and investment management firm; and more.Read more > |
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Economic Events |
July sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $465.1 billion, down 0.1% from the revised June level, but up 5.9% from the July 2016 level, the Census Bureau reported. The May to June percent change was revised from the preliminary estimate of up 0.7% to up 0.6%. THE ECONOMIC WEEK AHEAD: Wednesday, the Bureau of Labor Statistics (BLS) will reveal the producer price index for August. Thursday, the BLS will reveal the consumer price index for August, and the Labor Department will issue its initial claims report. Friday, the Census Bureau will report about retail sales for August and business inventories for July. |