PLANADVISERdash – December 7, 2022

Weekday news and analysis for retirement plan advisers

Wednesday, December 07, 2022

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In Practice

Voya’s New Workplace Head Thinking About the Employee Experience in More “Bundled” Fashion

PA-120622-Voya Head Combines Health, Wealth-1130198666-web

Rob Grubka of Voya has had his role expanded to oversee workplace solutions, encompassing all benefits and savings businesses. He tells PLANADVISER the combined position is a natural progression to meet evolving employer needs.

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Deals & People

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Investing

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Adviser Product Partnerships

Schwab partners with Envestnet for cloud-based billing solution; AICPA and CIMA launch ESG fundamentals program for accountants; ShareBuilder 401k Waives Plan Setup Costs in December for Small Businesses; and more.

Today’s Most Read

1.	Small Business “Bullishness” Helping to Drive 401(k) Growth
2.	The Scramble to Make the Saver’s Match Work
3.	Modern Wealth Surpasses $4B in Less Than 2 Years

Social Security Administration Aims for Informative, Time-Saving Website Redesign

Understanding when and how to take Social Security distributions should be a critical part of everyone’s retirement planning, according to a Hartford Funds managing director.

Experts: More Hackers Going After Retirement Savings

Cybersecurity experts say they see an increase in theft of participant data from retirement plans, and warn about scams in cryptocurrency investments.

SEC and Goldman Sachs Settle for $4 Million for ESG Policy Infractions.

GSAM did not follow its own policies in selecting funds with ESG label despite appealing to those policies in promotional materials.

Market Mirror

Tuesday, the S&P 500 decreased 57.58 points (1.44%) to 3,941.26, the Nasdaq fell 225.05 points (2.00%) to 11,014.89, and the Dow was down 350.76 points (1.03%) at 33,596.34. The Russell 2000 lost 27.65 points (1.50%) to finish at 1,812.58, and the Wilshire 5000 closed 585.45 points (1.47%) lower at 39,109.66.

The price of the 10-year Treasury note was up 4/32, decreasing its yield to 3.534%. The price of the 30-year Treasury bond increased 30/32, bringing its yield down to 3.546%.

Industry Intel Roundup Featured Webinars

PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by or featuring experts in the industry. The content was created to supply actionable insights to retirement plan advisers regarding client service and practice management.

September 24, 2024

DCIO and Investment Menu Survey

They say the devil is in the details. That’s particularly true when it comes to the investment menu and its results to participants for years—sometimes decades—of their lives. This PLANADVISER webinar will consider 2024 trends in DCIO offerings and best practices for the modern-day plan adviser.