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Monday, July 17, 2023
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The PLANADVISER Interview: Jay Jumper, CEO, Future Capital
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The head of a retirement plan advice and managed account provider discusses the ‘race to the participant’ and why some advisers aren’t even at the starting line.
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Fidelity Starts Reinsurer Focused on PRT, Retail Annuities
The investment giant has registered a Bermuda affiliate to focus on the booming pension risk transfer and retail annuity markets, according to a filing.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. 401(k)s and the Courts in 2025
3. Economic and Market Outlooks for the Year Ahead
Retirement Industry People Moves
Perigon selects Hasan as CIO; State Street appoints Donohue as head of sustainability; GoldTree hires Plotke as principal.
Congressional Hearings Scrutinize Proxy Voting
Republicans accused proxy firms of prioritizing ‘woke’ political agenda ahead of financial considerations.
Fidelity Latest Victim of MOVEit Hacks via Vendor PBI
PBI Research Services announced that more than 371,000 customers at client Fidelity had personal data exposed in the breach.
Market Mirror Market Mirror Graph

Friday, the Dow rose 113.89 points (0.33%) to close at 34,509.03, the Nasdaq fell 24.87 points (0.18%) to close at 14,113.70 and the S&P 500 fell 4.62 points (0.10%) to close at 4,505.42. The Russell 2000 lost 19.80 points (1.01%) to close at 1,931.09, and the FT Wilshire 5000 Index lost 103.92 points (0.23%) to close at 45,530.32. 

The price of the 10-year Treasury note decreased 5/32, bringing the yield to 3.832%. The price of the 30-year Treasury bond decreased 26/32, bringing the yield to 3.929%.  

For the week ending July 14, the Dow rose 2.29%, the S&P 500 rose 2.42% and the Nasdaq rose 3.32%. The Russell 2000 rose 3.56%, and the FT Wilshire 5000 Index finished 2.60% higher.

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