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Weekday news and analysis for retirement plan advisers
Thursday, May 25, 2023
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Compliance
Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
PA- Industry support for SECURE 2.0
The errors include the startup credit, RMD, SIMPLE IRA plans and Roth catch-ups.
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Adviser Product Partnership
HilltopSecurities works with Broadridge Financial; DFD Partners partners with AdvisorHub; Advyzon, TradePMR launch expanded integration; and more.
Today’s Most Read
1. DOL Submits Request for Information About PEPs to OMB
2. Retirement Industry Responds to Passage of ‘Big Beautiful Bill’
3. Massive Tax and Policy Bill Signed Into Law
Custom Programs Can Reduce Black, Hispanic Employees’ Financial Stress
Targeted coaching for Black and Hispanic employee resource groups led to reduced financial stress for workers, according to Financial Finesse.  
SS&C Adds Allianz Retirement Income Annuity to DC Plan Platform
Volatile markets amid high interest rates have driven asset growth on SS&C’s retirement income platform to more than $1 billion.
Practice Progress Webinar: DCIO
Join PLANADVISER and industry experts on Thursday, May 25, for a discussion about the future of DCIO firms and strategies, the important role partnerships can play and how some firms are assigning more specialists to a relationship, serving clients at all levels.
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 255.59 points (0.77%) to close at 32,779.92, the Nasdaq fell 76.08 points (0.61%) to close at 12,484.16 and the S&P 500 fell 30.34 points (0.73%) to close at 4,115.24. The Russell 2000 fell 20.71 points (1.16%) to close at 1,767.00 and the Wilshire 5000 fell 306.04 points (0.75%) to close at 40,643.81.

The price of the 10-year Treasury note fell 25/32, bringing the yield to 3.746%. The price of the 30-year Treasury bond fell 28/32, bringing the yield to 3.986%. 

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