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Weekday news and analysis for retirement plan advisers
Monday, July 18, 2022
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Deals & People
Retirement Industry People Moves
SageView appoints former Goldman director as COO; NEPC expands corporate consulting teams; Edelman Financial Engines appoints chief product and technology officer; and more.
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Practice Management
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Data & Research
DOL’s ERISA Lawsuit Targets MEP Administrator
Kentucky mining industry plan fiduciaries face allegations that they failed to remit participant salary deferrals.
Today’s Most Read
1. Creative Planning CIO Jim Williams Dies at 46
2. Marsh McLennan Agency Sees C-Suite Connection in Retirement, Wealth Advisement
3. Social Security COLA Projected at 3.2% Ahead of October Decision
2022 PRACTICE PROGRESS Webinar Series: The Latest on Managed Accounts
Sources say managed account programs are poised for continued growth, especially as more firms have announced plans to make them a strategic priority. Join us at 2 p.m. on July 19!
What It Takes to Prepare for Retirement
J.P. Morgan has released its annual ‘Guide to Retirement,’ bringing fresh insight into the saving and spending behaviors of retirees.
PBGC’s Final Union Pension Relief Rule Praised—and Questioned
Sources agree that the final updates made to the Special Financial Assistance program for severely stressed union pensions are helpful, but some are concerned about the expanded ability to invest relief funds in potentially volatile equities.
Market Mirror Market Mirror Graph

Friday, the Dow increased 658.09 points (2.15%) to 31,288.26, the Nasdaq gained 201.24 points (1.79%) to 11,452.42 and the S&P 500 raised 72.15 points (1.91%) to close at 3,862.89. The Russell 2000 jumped 36.86 points (2.16%) to 1,744.37 and the Wilshire 5000 extended 725.96 points (1.93%) to 38,399.43.

The price of the 10-year Treasury note increased 4/32 lowering its yield down to 2.923%. The price of the 30-year Treasury bond increased 4/32 lowering its yield down to 3.091%.

For the week ending July 15, the Dow decreased 0.16%, the Nasdaq fell 1.57% and the S&P 500 lost 0.94%. The Russell 2000 was down 1.41% and the Wilshire 5000 finished 1.16% lower.

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