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Weekday news and analysis for retirement plan advisers
Wednesday, November 10, 2021
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The Role of Pro Bono Services in Financial Advisers’ Practices
Pro bono advisory work is helping to serve those that have been traditionally under and poorly served by the financial advisory industry—while giving some advisers a renewed sense of purpose and a broader set of planning skills.
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Kroger Faces ERISA Recordkeeping Fee Lawsuit
Fiduciaries of the grocery chain’s 401(k) plan are accused of allowing unreasonably high fees for recordkeeping services and failing to disclose to plan participants fees associated with the plan.
Today’s Most Read
1. Ascensus to Acquire Vanguard’s Individual 401(k) Business
2. Victory to Acquire Amundi’s $104B U.S. Division
3. NewRetirement, With $20M In Hand, Seeks Workplace Partners
Competition for Talent Likely to Increase in 2022
As many as one in three workers say they are set to retire or considering leaving their current role in the next 18 months, according to a new survey from Principal Financial Group.
Masterminds of the Plan
How advisers can use RFIs to ensure they match clients with the best providers.
Specialist Advisers Say Cybersecurity Practices a Top Factor in Recordkeeper Selection
A Cerulli Associates report finds recordkeepers expect to beef up their cybersecurity staff.
Market Mirror Market Mirror Graph

Tuesday, the Dow lost 112.24 points (0.31%) to finish at 36,319.98, the Nasdaq closed 95.81 points (0.60%) lower to finish at 15,886.54, and the S&P 500 decreased 16.45 points (0.35%) to 4,685.25. The Russell 2000 was down 15.45 points (0.63%) at 2,427.29, and the Wilshire 5000 fell 163.99 points (0.34%) to 48,787.73.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 1.438%. The price of the 30-year Treasury bond climbed 1 27/32, decreasing its yield to 1.823%.

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