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Weekday news and analysis for retirement plan advisers
Wednesday, May 10, 2023
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Aon, Astellas Pay to Settle CIT Conflict of Interest Litigation
PA-050923-Aon CIT Case Settled-1396609642-web
A 2020 case over the performance of proprietary CITs ends with a settlement.
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Today’s Most Read
1. It’s Time to Rethink Retirement, Says T. Rowe Price
2. Fidelity to Limit Third-Party Credential-Sharing for 401(k) Access
3. More Than Half of Plan Advisers Expect to Use AI
SEC Charges Pinnacle Advisors With Liquidity Rule Violations
The SEC complaint says Pinnacle knowingly mispresented the liquidity of some assets to satisfy liquidity requirements.
Designing a Plan Investment Menu in Unprecedented Times
Historic rises in inflation and matching interest rate hikes have meant a heightened focus for the often staid world of investment plan design.
Get to Know the Retirement Plan Adviser of the Year Finalists: Efforts in Diversity, Equity and Inclusion
Hear directly from our finalists for the Retirement Plan Adviser of the Year in the category of efforts in diversity, equity and inclusion as they answer questions about their practice and approach. The finalists will be recognized, and winners of each of the six categories announced, at the PLANADVISER Industry Leader Awards Dinner on May 10 in New York City.
Market Mirror Market Mirror Graph

Tuesday, the Dow fell 56.88 points (0.17%) to close at 33,561.81, the Nasdaq fell 77.36 points (0.63%) to close at 12,179.55 and the S&P 500 fell 18.95 points (0.46%) to close at 4,119.17. The Russell 2000 lost 4.79 points (0.27%) to close at 1,749.68, and the Wilshire 5000 lost 172.34 points (0.42%) to close at 40,627.95.

The price of the 10-year Treasury note decreased 1/32, bringing the yield to 3.526%. The price of the 30-year Treasury bond decreased 5/32, bringing the yield to 3.851%. 

Industry Intel Roundup
Featured Thought Leadership
PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring thought leadership sponsored by or featuring experts in the industry. The content was created to supply actionable insights to retirement plan advisers regarding client service and practice management.
Inside TIAA’s $294B Investment Engine
TIAA CIO Emily Wiener discusses the firm’s approach to its General Account portfolio.
The Retirement Income Dilemma
What are we solving for and what have we learned so far?
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