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Thursday, July 01, 2021
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Principal Financial Group Strategic Review Leads to New Focus
The firm is getting out of the retail annuity business and focusing on its retirement and asset management businesses, including initiatives to improve the participant experience. 
Today’s Most Read
1. Ascensus to Acquire Vanguard’s Individual 401(k) Business
2. Victory to Acquire Amundi’s $104B U.S. Division
3. Rebutting 7 Retirement Income Concerns
FINRA Project Examines How Regulators Can Support Diversity
Suggestions from the industry include eliminating the 180-day enforced waiting period triggered by a third failed ‘top off’ examination, involving community colleges in the licensing process and making remote services a permanent feature of FINRA’s testing approach, even after the COVID-19 pandemic ends.
Paper Offers Tips for Incorporating ESG Investing in DC Plans
DCIIA says it aims to provide practical steps consistent with fiduciary obligations.
Public Plans Database Now Includes DC Plan Information
Users can get information on DC assets, membership, investment options, contributions, plan types and provisions.
A Markedly Positive Mid-Year Market Check-In
Millions of jobs have returned as the country has reopened, thanks to the positive impact of the COVID-19 vaccination program, but as the U.S. enters the second half of the year, sources say some ‘problems of success’ have emerged.
Market Mirror Market Mirror Graph

Wednesday, the Dow gained 210.22 points (0.61%) to finish at 34,502.51, the Nasdaq decreased 24.38 points (0.17%) to 14,503.95, and the S&P 500 increased 5.70 points (0.13%) to 4,297.50. The Russell 2000 was up 1.71 points (0.07%) at 2,310.55, and the Wilshire 5000 closed 19.01 points (0.04%) higher at 45,113.91.

The prices of the 10-year Treasury note and 30-year Treasury bond were each up 1/32, decreasing their yields to 1.466% and 2.082%, respectively.

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