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Weekday news and analysis for retirement plan advisers
Tuesday, June 13, 2023
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Could Health Care Regulation Go the Way of Retirement Plans?
PA-053123-CAA Enforcement Coming-1150277116-web
Regulation from CAA ’21 is pushing employer-sponsored health care programs toward fiduciary rules that will look familiar to retirement plan advisers.
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Top Retirement Plan Advisers Weigh In on Potential, Pitfalls of SECURE 2.0
PLANADVISER’s top retirement adviser pulse survey finds optimism about the legislation, alongside a healthy dose of questions and advice for policymakers.
Today’s Most Read
1. Vestwell Adds TIAA Lifetime Income Offering
2. Salesforce Settles 401(k) Suits for $1.35M
3. Alera Group Acquires $24B Advanced Capital Group
Advisory M&A
Creative Planning acquires BerganKDV; Boston Hill Advisors joins Hightower; Kestra Private Wealth Services launches Destination Wealth Advisors. 
Lifetime Income for Employees Act Would Make It Easier to Use Annuities as QDIAs
The re-introduced House bill would permit annuities as 401(k) default, with a limit of 50% of retirement contributions.
Legislation to Expand Accredited Investor Definition Moves to Senate
Two bills seeking to widen the pool of investors who can invest in private equity passed the House last week by voice vote.
Market Mirror Market Mirror Graph

Monday, the Dow rose 189.55 points (0.56%) to close at 34,066.33, the Nasdaq rose 202.78 points (1.53%) to close at 13,461.92 and the S&P 500 rose 40.07 points (0.93%) to close at 4,338.93. The Russell 2000 rose 7.51 points (0.40%) to close at 1,873.21, and the FT Wilshire 5000 Index rose 398.01 points (0.92%) to close at 43,800.27.

The price of the 10-year Treasury note rose 22/32, bringing the yield to 3.733%. The price of the 30-year Treasury bond rose 1/32, bringing the yield to 3.880%.

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