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Friday, June 17, 2022
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Ready for PTE 2020-02 July 1 Enforcement?
The July 1 enforcement date for the Department of Labor’s new best-interest rollover documentation requirements has been widely publicized, but that doesn’t mean all advisers are ready.
Today’s Most Read
1. Small Business “Bullishness” Helping to Drive 401(k) Growth
2. The Scramble to Make the Saver’s Match Work
3. Modern Wealth Surpasses $4B in Less Than 2 Years
Upcoming Webinar: Financial Wellness at a Stressful Moment
Expert advisers know such an environment demands a different point of view about the relationship between retirement planning and financial wellness. Achieving a sense of short-term financial wellness is hard enough during times of market growth and economic stability, but the challenge only deepens when inflation and interest rates jump.
The ERISA Industry Committee Revamps Organizational Priorities
The committee has named a new president and its first chief operations officer following a two-day planned meeting where the organization discussed its short- and long-term polices for the year.
Investment Product and Service Launches
MSCI launches next generation of equity factor models, while Robeco launches quant credit strategy focused on SDGs and climate.
Senators Introduce Bill to Make Auto-Portability Standard
Backers of the new bill say the legislation would cut red tape and help Americans who change jobs frequently keep control of their retirement savings and investments.
Market Mirror Market Mirror Graph

Thursday, the Dow lost 741.46 points (2.242%) to 29,927.07, the Nasdaq was down 453.06 points (4.08%) to 10,646.10, and the S&P 500 decreased 123.22 points (3.25%) to close at 3,666.77. The Russell 2000 fell 81.30 points (4.70%) to 1,649.84, and the Wilshire 5000 was down 1,334.35 points (3.54%) to 36,357.88.

The price of the 10-year Treasury note increased 5/32 lowering its yield down to 3.233%. The price of the 30-year Treasury bond remained 32/32 and its yield decreased to 3.277%.

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