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Weekday news and analysis for retirement plan advisers
Friday, April 21, 2023
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Compliance
SEC Updates Guidance on Adviser Investment Obligations
PA - Reg BI Bulletin
The latest guidance adds teeth to initial Regulation Best Interest, passed in 2019.
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Compliance
Mandatory Retirement Not Serving Economy, According to Panel on Longevity
The current economy needs older workers, according to speakers at a conference on longevity with Thrive Global's Arianna Huffington.
Today’s Most Read
1. Franklin Templeton to Acquire Putnam for $925 Million
2. Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
3. SS&C Adds Allianz Retirement Income Annuity to DC Plan Platform
Acting Labor Secretary Su Says SECURE 2.0 Guidance Coming in "Timely Manner"
Committee to consider Su's confirmation to replace Marty Walsh, who left the DOL in February.
Investment Product and Service Launches
MassMutual announces fund investing in diverse-led businesses; Pacific Life offers variable universal life product; and more.
At House Committee, SEC Swing Pricing Proposal Comes Under Fire
Gensler defended the SEC’s recent proposals on subjects such as climate disclosure and swing pricing.
Market Mirror Market Mirror Graph

Thursday, the Dow lost 110.39 points (0.33%) to close at 33,786.62, the Nasdaq lost 97.67 points (0.80%) to close at 12,059.56 and the S&P 500 lost 24.73 points (0.60%) to close at 4,129.79. The Russell 2000 fell 9.74 points (0.54%) to close at 1,789.70 and the Wilshire 5000 fell 255.70 points (0.62%) to close at 40,808.88.

The 10-year Treasury note increased 5/32, bringing the yield to 3.538%. The 30-year Treasury bond increased 7/32, bringing the yield to 3.747%.

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