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Weekday news and analysis for retirement plan advisers
Monday, May 08, 2023
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Women in Retirement Industry Face Dual Pressure
PA-050523-Women in Retirement Industry-1095111248-web
Respondents to WIPN study reported employer support and flexible schedules available for caregivers, but three in 10 women said caregiving responsibilities still negatively affected their career opportunities.
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Retirement Industry People Moves
Thornburg CEO to leave later this year; Franklin Templeton expands alts team; Lockton announces new global leadership structure; and more.
Today’s Most Read
1. Infosys Breach From 2023 Exposed Personal Data of 6 Million People
2. Voya to Acquire OneAmerica’s Retirement Plan Business
3. How Recordkeepers Can Stay Competitive
SEC Safeguarding Rule Would Expand Investment Oversight to Crypto, Artwork
A proposed rule whose comment period ends Monday would have advisers obtain written agreements that segregate client assets to protect them from bankruptcy.
Desantis Bans ESG Consideration in Florida's Investment Decisions
The governor sees Florida as a trendsetter in how states can prohibit and ban ESG in state funds. 
Get to Know the Retirement Plan Adviser of the Year Finalists: Plan Participant Service
Hear directly from our finalists for the Retirement Plan Adviser of the Year in the category of plan participant service 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

Friday, the Dow gained 546.64 points (1.65%) to close at 33,674.38, the Nasdaq gained 269.02 points (2.25%) to close at 12,235.41 and the S&P 500 gained 75.03 points (1.85%) to close at 4,136.25. The Russell 20000 gained 41.07 points (2.39%) to close at 1,759.88 and the Wilshire 5000 gained 761.81 points (1.90%) to close at 40,768.03.

The price of the 10-year Treasury note fell 4/32, bringing the yield to 3.434%. The price of the 30-year Treasury bond fell 2/32, bringing the yield to 3.749%.

For the week ending May 5, the Dow lost 1.24%, the Nasdaq decreased 0.07% and the S&P 500 decreased 0.80%. The Russell 2000 fell 0.51% and the Wilshire 5000 finished 0.72% lower. 

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