June 15th, 2020

Arizona Finalizes and Adopts Annuity Transaction Best Interest Standard Arizona Gov. Doug Ducey has signed into law a bill to establish a best interest standard applying to the sale of annuity contracts in the state. Read more > New ESG Regulation Expected Soon from DOL Despite the frequent publication of regulatory guidance—or perhaps because of it—there remains a lot of confusion about how retirement plan fiduciaries should think about environmental and social justice issues while building investment lineups. Read more > A 6% Decrease in Fund Fees Saves Investors Nearly $6 Billion The average expense ratio decreased to 0.45% from 0.48% the year before, according to Morningstar. Read more > Retirement Industry People Moves Nationwide selects retention leader; Sikich adds senior specialist to retirement plan services team; DWS announces changes to global business side; and more. Read more > MOST READ ARTICLES

Simple Steps Toward Retirement Certainty in Uncertain Times Many people don’t know as much as they should about retirement and investment. There is no time like the present to learn. Read more > ‘Gray Divorce’ on the Rise The trend points to increased financial risk in retirement. Read more > Market Mirror Friday, the Dow rose 477.37 points (1.90%) to finish at 25,605.54, the NASDAQ gained 96.08 points (1.01%) for a 9,588.81 close, and the S&P 500 was up by 39.21 points (1.31%) to end at 3,041.31. The Russell 2000 was up by 31.46 points (2.32) to reach 1,387.68, and the Wilshire 5000 gained 414.99 points (1.36%) for a 30,947.18 close. The price of the 10-year Treasury note was down 4/31, increasing its yield to 0.712%, and the price of the 30-year Treasury bond was down 1 26/32, increasing its yield to 1.465%. WEEK’S WORTH: For the week ended June 12, the Dow was down 5.55%, the S&P 500 lost 4.78%, and the NASDAQ was off by 2.30%. The Russell 2000 tumbled by 7.93%, and the Wilshire 5000 sank by 4.85%.

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