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Weekday news and analysis for retirement plan advisers
Wednesday, February 08, 2023
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Biden “Won't Let” Republicans Cut Social Security
PA - 02082023 State of the Union copy
In the State of the Union address, Biden commits to protecting Social Security and Medicare from cuts to address the debt ceiling.
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Nomination Deadline Ends Soon for PLANADVISER’s 2023 Top Retirement Plan Advisers List
Please enter your nomination for the 2023 PLANADVISER Top Retirement Plan Advisers of the year! The top designations are based on quantitative measures such as the most plans and assets under advisement. This year’s entry form can be viewed here. You may submit your entry hereThe deadline for entries is February 10.
Today’s Most Read
1. Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
2. SS&C Adds Allianz Retirement Income Annuity to DC Plan Platform
3. As States Add Retirement Programs, Private Providers See Growth
Trade Groups Push Back on SEC Recordkeeping ‘Sweep’
Investment associations say in a letter that the SEC is exceeding its authority by asking to access all off-channel business communications of investment advisers.
DOL Secretary Walsh Reportedly Leading Candidate to Helm NHL Players’ Association
The approval of Walsh to head the NHLPA is considered a “formality.”
Voya Saw 10% Growth in Managed Accounts in 2022
Participants held steady elsewhere, but Voya credits uptick to enrollment campaigns, new plan features and free trials.
Market Mirror Market Mirror Graph

Tuesday, the Dow gained 265.67 points (0.78%) to close at 34,156.69, the Nasdaq gained 226.34 points (1.90%) to close at 12,113.79 and the S&P 500 gained 52.92 points (1.29%) to close at 4,164.00. The Russell 2000 gained 14.89 points (0.76%) to close at 1,972.61 and the Wilshire increased 496.58 points (1.21%) to close at 41,584.43.

The price of the 10-year Treasury note decreased 3/32, bringing the yield 3.677%. The price of the 30-year Treasury bond decreased 7/32, bringing the yield to 3.715%.  

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