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Monday, April 25, 2022
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Share Your Insights at PSNC!
The 2022 PLANSPONSOR National Conference is in-person in Orlando, June 8-10! We hope you can join us for this unique event which equips plan sponsors with practical and creative solutions for plans and participants and gives plan advisers a unique view of the challenges their clients face and how to help them. If you feel you have insights and experiences to share as a panel participant or moderator to boost the educational reach of the conference, please email Rebecca.Moore@issmediasolutions.com for more information. Check out the agenda and learn more about the conference.
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Retirement Industry People Moves
OneDigital hires chief information officer; the CFP Board appoints new chief financial officer; Alight hires wealth consultant relations director; and more.
Today’s Most Read
1. IRS Extends Relief on Inherited IRA 10-Year Rule Enforcement
2. Rebutting 7 Retirement Income Concerns
3. Two-thirds of ‘Peak Age’ Boomers Face Retirement Risk
Excessive Fee Lawsuit Will Proceed Against Xerox
The complaint alleged breach of fiduciary duty obligations and excessive fees for recordkeeping services.
Labor Shortages Mean Benefits Shine
Recent trends have helped to exacerbate the shortage of workers available to many businesses, putting a spotlight on the importance of well-constructed compensation and benefits packages.
Insurance Executives on the Evolving Retirement Landscape
Leaders at CUNA Mutual Group and Allianz Life speak about the prospects for legislative and regulatory progress in 2022, especially when it comes to the broader distribution of annuity products to retirement plan investors.
MyCTSavings Launch Hailed by State Leaders
Discussing the program’s launch with PLANADVISER, Connecticut Comptroller Natalie Braswell says the goal of the program is straightforward—to help ensure everyone can achieve a financially secure retirement regardless of the industry or sector they work in.
Market Mirror Market Mirror Graph

Friday, the Dow dropped 981.36 points (2.82%) to 33,811.40, the Nasdaq fell 335.36 points (2.55%) to 12,839.29, and the S&P 500 lost 121.88 points (2.77%) to finish at 4,271.78. The Russell 2000 closed 50.80 points (2.55%) lower at 1,940.66, and the Wilshire 5000 plunged 1,193.36 points (2.71%) to 42,808.80.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 2.898%. The price of the 30-year Treasury bond was down 4/32, increasing its yield to 2.947%.

 

For the week ending April 22, the Dow was down 1.86%, the Nasdaq fell 3.83%, and the S&P 500 decreased 2.75%. The Russell 2000 lost 3.21%, and the Wilshire 5000 finished 3.11% lower.

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