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Weekday news and analysis for retirement plan advisers
Monday, January 10, 2022
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From the Magazine
A Workforce in Flux
All over the world, people are re-evaluating what they want from their working life in the context of the COVID-19 pandemic, according to a survey performed by Principal Financial Group. Erik Daley, managing principal at Multnomah Group in Portland, Oregon, says, on the client side, the impact has been significant.
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‘Window’ of Opportunity
Brokerage accounts open up possibilities for service—but also for PTs.
Today’s Most Read
1. Another Stressed Union Pension to Get PBGC Support
2. Retirement Plan Advisers Might Help Lessen ERISA Lawsuits by Adding Defensive Provisions
3. PPL Corp. and Mass Brigham General Face ERISA Lawsuits
Tips for Sourcing Diverse Talent in 2022
According to one advisory firm leader who has had success creating a diverse and dynamic team, anyone who says there is a lack of diverse and talented people seeking success in financial services is not making a sufficient effort to find them.
Retirement Industry People Moves
Financial Planning Association 2022 president announced; Northwestern Mutual appoints new managing director; Nationwide names retirement solutions distribution leader; and more.
Lincoln Financial Revamps Participant Website
The firm says the digital tools embedded on the website are designed to encourage participants to engage more with their accounts.
Fintech and Retirement Savings
Financial technology continues to influence DC plan engagement decisions.
Market Mirror Market Mirror Graph

Friday, the Dow was down 4.81 points (0.01%) at 36,231.66, the Nasdaq lost 144.96 points (0.96%) to finish at 14,935.90, and the S&P 500 decreased 19.02 points (0.41%) to 4,677.03. The Russell 2000 closed 26.56 points (1.20%) lower at 2,179.81, and the Wilshire 5000 fell 221.55 points (0.47%) to 47,321.24.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.773%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 2.120%.

For the week ending January 7, the Dow was down 0.29%, the Nasdaq fell 4.53%, and the S&P 500 decreased 1.87%. The Russell 2000 lost 2.92%, and the Wilshire 5000 finished 2.35% lower.

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