PLANADVISERdash – November 15, 2022

Weekday news and analysis for retirement plan advisers

Tuesday, November 15, 2022

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53% of Savers Who Rely on Workplace Plans Don’t Work with Advisers

U.S. consumers have a growing appetite for professional financial advice, but more than half of people relying on their employer-sponsored plan don’t go beyond self-service options, according to Hearts & Wallets.

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Last Chance! Provide Your Input to the PLANADVISER Retirement Plan Adviser Survey

PLANADVISER invites advisers to take a relatively brief survey about their practice and perceptions of investment managers and recordkeepers – and as a thank you select an Amazon gift card or a donation to a charity in your name upon completion. The Retirement Plan Adviser (RPA) Survey seeks to gather individual adviser sentiment about industry trends and the investment managers and DC plan recordkeepers with which they have worked over the past two years. The questionnaire should take around 15 minutes to complete. It is intended to be filled out by RPAs servicing DC plans (i.e., 401(k), 403(b), etc.). All responses will remain confidential and will only be reported in aggregate.

Today’s Most Read

1.	Emergency Savings Linked to Less 401(k) Loan Use, Stronger Retirement Outcomes
2.	DOL Stops Enforcing Biden-Era Independent Contractor Rule
3.	2025 PLANADVISER Adviser Value Survey

SPARK Releases Updated Data Security Best Practices

Updates were developed by SPARK Institutes data security oversight board, are consistent with the DOL best practices.

A Closer Look at the Emergency Savings Provisions in SECURE 2.0

Research shows ESAs can increase investment in retirement savings accounts, but Senate bills involved in SECURE 2.0 package contain different kinds of emergency savings provisions.

Recordkeeper Consolidation Leads to Drop in Proprietary Product Share, Opening Door for Asset Managers

The consolidation of DC plan providers may not be as much of a threat to asset managers as some have thought, with recordkeeper integration needs and legal risk meaning less focus on proprietary investment options, according to new research from ISS Market Intelligence.

Market Mirror

Monday, the Dow fell 211.16 points (0.63%) to close at 33,536.70, the Nasdaq dropped 127.11 points (1.12%) to close at 11,196.22 and the S&P 500 declined 35.68 points (.89%) to close at 3,957.25. The Russell 2000 fell 21.49 points (1.14%) to end trading at 1,861.25 and the Wilshire 5000 declined 396.86 points (1.00%) to close at 39,438.76. The price of the 10-year Treasury fell 0/32, bringing the yield up to 3.860%. The price of the 30-year Treasury bond fell 1/32, bringing the yield to 4.041%.

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