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Weekday news and analysis for retirement plan advisers
Wednesday, July 20, 2022
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Americans’ Retirement Expectations Remain Fluid
Nearly three out of four respondents with an employer-sponsored retirement plan, or 73%, said their employer’s retirement plan is the primary vehicle they use to save for retirement, according to new research from the 2022 Global Benefits Attitudes Survey by WTW, released Tuesday.
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Equitable Financial Settles SEC Charges for $50M
The market regulator says the firm provided misleading account statements to investors.
Today’s Most Read
1. Hub Launches 401(k) PEP for Small, Midsize Plan Sponsors
2. When Attorney-Client Privilege Applies Under ERISA
3. Suggestions for Best Plan Participant Service
Calls on Congress to Fully Fund Reg BI Implementation
An open letter to two U.S. Senators emphasizes that the SEC must receive sufficient fiscal support to effectively oversee the industry’s ongoing implementation of Regulation Best Interest and Form CRS.
A Social Security Solvency Q&A
Joe Elsasser, Covisum’s founder and president, gives his view of the 2022 Social Security Board of Trustees solvency report.
SEC Votes in Favor of Proxy Voting Advice Rule Amendments
According to a statement from the SEC, the amendments address concerns voiced by investors and industry stakeholders regarding the proxy voting advice rules established under the Trump administration.
Market Mirror Market Mirror Graph

Tuesday, the Dow jumped 754.44 points (2.43%) to 31,827.05, the Nasdaq gained 353.10 points (3.11%) to close at 11,713.15 and the S&P 500 increased 105.84 points (2.76%) to 3,936.69. The Russell 2000 gained 60.91 points (3.50%) to 1,799.32 and the Wilshire 5000 increased 1,070.25 points (2.81%) to 39,216.61.

The price of the 10-year Treasury note decreased 25/32 bringing its yield up to 3.027%. The price of the 30-year Treasury bond decreased 5/32 bringing its yield up to 3.183%.

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