Planadviser Logo
Weekday news and analysis for retirement plan advisers
Tuesday, June 07, 2022
Exclusives | Awards | Research | Events
COMPLIANCE
HUB’s $1.1B CSi Acquisition Highlights Ongoing Consolidation
Given CSi’s more than 50 years in practice and integrated third-party administration business, its acquisition by HUB International shows how even the most well-established retirement advisory shops see good reasons to consolidate.
News Feed Quick Links
Deals & People
Practice Management
Products
Client Service
Data & Research
Investing
Compliance
IBM Pension Plan Faces Outdated Mortality Data Challenge
The plaintiffs are seeking to remedy alleged failures by an IBM pension plan to pay joint and survivor annuity benefits in amounts that are ‘actuarially equivalent’ to a single life annuity benefit.
Today’s Most Read
1. Barnabas Health Latest to Settle ERISA Suit
2. The Role of the 401(k) in Today’s Tight Labor Market
3. Excessive Fee ERISA Complaint Targets Cook Group
SEC Enforcement Approach Imperiled by 5th Circuit
While the ultimate outcome may be settled by the Supreme Court, the 5th Circuit’s ruling in Jarkesy v. SEC could have major ramifications for the regulator and its approach to punitive enforcement under the Dodd-Frank Act.
Latest Social Security Solvency Update Sees 2035 Depletion Date
The combined asset reserves of the Old-Age and Survivors Insurance and Disability Trust Funds are projected to become depleted in 2035, which is one year later than projected last year.
Fixed Annuity Products Lead Annuity Sales
Fixed annuity sales rose 14% in the first quarter, with all fixed products except income annuities recording positive growth.
Market Mirror Market Mirror Graph

Monday, the Dow increased 16.08 points (0.05%) to close at 32,915.78, the Nasdaq gained 48.64 points (0.40%) to 12,061.37, and the S&P 500 gained 12.89 points (0.31%) to 4,121.43. The Russell 2000 lifted 6.83 points (0.36%), and the Wilshire 5000 climbed 127.99 points (0.31%) to 41,073.38 .

The price of the 10-year Treasury note decreased 30/32 bringing its yield up to 3.037%. The price of the 30-year Treasury bond decreased 1 31/32 increasing its yield to 3.194%.

Did someone forward you this newsletter?
Sign up here to get PLANADVISER Dash directly in your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2021 Asset International, Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850