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Weekday news and analysis for retirement plan advisers
Wednesday, May 25, 2022
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BNY Mellon Adviser Settles SEC Charges Over Greenwashing, Pays $1.5 Million Penalty
BNY Mellon Investment Adviser has agreed to pay a $1.5 million penalty following charges brought by the Securities and Exchange Commission alleging that the company’s statements about its environmental, social and governance funds included misstatements and omissions.
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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.
Today’s Most Read
1. Many Providers Are Prioritizing Participant Financial Advice in 2023
2. OneDigital Acquires $500M Florida Retirement and Wealth Management Shop
3. A Reminder to Avoid Fraudulent Hardship Withdrawals
Retirement Prospects in the US: ‘Not Great, Not Bad’
Among U.S. workers who have already retired, just 3% describe their situation as ‘living the dream,’ while 37% say they are comfortable.
Is the Traditional Fiduciary Insurance Model at Risk?
One legal professional at a fiduciary insurance firm argues that the ‘indiscriminate nature’ of recent ERISA lawsuit filings could eventually culminate in a crisis for the retirement plan industry’s current approach to risk management and fiduciary insurance.
A Profound Opportunity for Advisers
A new survey report notes that women control a third of total U.S. household financial assets today—more than $10 trillion—and as much as $30 trillion more is expected to shift into the hands of U.S. women over the next five years.
Market Mirror Market Mirror Graph

Tuesday, the Dow increased 43.38 points (0.15) to 31,928.62, the Nasdaq fell 270.83 points (2.35%) to close at 11,264.45, and the S&P lost 32.27 points (0.81%) to 3,941.48. The Russell 2000 decreased 27.94 points (1.56%) to 1,764.83, and the Wilshire 5000 was down 461.13 points (1.17%) to 39,035.28.  

The price of the 10-year Treasury note increased 31/32 lowering its yield down to 2.751%. The price of the 30-year Treasury bond was up 1 30/32 lowering its yield down to 2.966%.

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