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Weekday news and analysis for retirement plan advisers
Friday, June 02, 2023
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Senate HELP Committee Urges DOL to Prioritize Certain Secure 2.0 Provisions
PA-060123-Senate Urges DoL Secure 2.0-1282178795-web
The recommended focus areas include emergency savings and defined benefit annual funding notices.
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Senate Passes Debt Ceiling Bill to Avoid U.S. Default
The bill now moves to President Biden for signature ahead of the June 5 default date.
Today’s Most Read
1. LPL’s Arnold Has Settlement Chance as Steinmeier Called Worthy Successor
2. Apollo, Athene Targeting DC In-Plan Annuity Market
3. TIAA Swept Up in Infosys Breach
Investment Product and Service Launches
Orion client portal connects with Redtail CRM; Thrivent adds new Multi-Year Guarantee Annuity; VIU by Hub launches mobile app and enhanced digital wallet; and more.
Mariner Announces Financial Wellness Platform Following Spring Acquisition
The wealth manager will now provide employers with a wellness platform that connects back to their wealth adviser services. 
IRS Provides Interim Guidance for EPCRS Changes
SECURE 2.0 laid out changes to IRS correction programs, but the May guidance clarifies how they will operate until the final version is set.
Market Mirror Market Mirror Graph

Thursday, the Dow gained 153.30 points (0.47%) to close at 33,061.57, the Nasdaq gained 165.70 points (1.28%) to close at 13,100.98 and the S&P 500 gained 41.19 points (0.99%) to close at 4,221.02. The Russell 2000 rose 18.29 points (1.05%) to close at 1,767.94, and the Wilshire 5000 rose 606.59 points (1.46%) to close at 42,053.18.

The price of the 10-year Treasury note decreased 1/32, bringing the yield to 3.600%. The price of the 30-year Treasury bond decreased 1/32, bringing the yield to 3.816%.

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