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Weekday news and analysis for retirement plan advisers
Friday, May 19, 2023
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Giving Older Workers the Choice to Work or Retire with Dignity
PA-051823-Older Workers-1416823195-web
Older workers do not have the means to retire, and others are working in subpar labor conditions, according to experts from the EPI.  
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Investment Product and Service Launches
John Hancock Retirement launches dynamic default investment feature; Tata AIA upgrades Life Fortune Guarantee Pension; Putnam Investments launches emerging markets ex-China ETF; and more.
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
Cetera Taps Former Fidelity Exec Durbin as Parent Firm CEO
Mike Durbin given new CEO role with goal of ‘introducing adjacent capabilities and channels’ to Cetera’s adviser network.
Advisers, Participants Skeptical of ESG Investments, but Asset Managers Are Not
Greenwashing by investment funds has contributed to negative rhetoric about ESG, but the practice remains a top initiative for U.S. asset managers, say experts at Cerulli.
Smart Raises $95M in PE Funding, Eyes Further Acquisitions
Aquiline Capital leads a funding round for the U.K.-based retirement technology firm with operations in the U.S., Europe, Middle East and Asia.
Market Mirror Market Mirror Graph

Thursday, the Dow rose 115.14 points (0.34%) to close at 33,535.91, the Nasdaq rose 188.27 points (1.51%) to close at 12,688,84 and the S&P 500 rose 39.28 points (0.94%) to close at 4,198.05. The Russell 2000 increased 10.36 points (0.58%) to close at 1,784.86, and the Willshire 5000 increased 388.57 points (0.95%) to close at 41,418.95.

The price of the 10-year Treasury note rose 2/32, bringing the yield to 3.650%. The price of the 30-year Treasury bond fell 1/32, bringing the yield to 3.906%.

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