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Weekday news and analysis for retirement plan advisers
Thursday, November 18, 2021
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From the Magazine
Building Strategic Partnerships
Referrals from other professionals are the gold standard for landing new accounts. The client trusts the other professional’s judgment sufficiently to ask for a referral, and then having that common acquaintance as a shared contact helps the transition when forming a new working relationship.
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Nonmedical Benefits Shine as ‘Great Quit’ Intensifies
Younger employees who have recently left their jobs say they are seeking employers that genuinely care about their well-being, as demonstrated by the benefits and wages they deliver to their staff.
Today’s Most Read
1. Human Interest Offers 3% Cash Back for New Retirement Savers
2. Retirement Industry People Moves
3. Pilot Sues American Airlines Due to ESG 401(k) Investing Strategy
Both PBGC Insurance Programs Report Positive Financial Positions
The agency says the net positive position for its multiemployer plan program is thanks to the American Rescue Plan Act (ARPA).
Provider Recommendations
Does relying on certain ‘go-to’ providers have implications under ERISA?
Now a Fiduciary
A prudent process for rollover advice.
Market Mirror Market Mirror Graph

Wednesday, the Dow lost 211.17 points (0.58%) to finish at 35,931.05, the Nasdaq decreased 52.28 points (0.33%) to 15,921.57, and the S&P 500 was down 12.23 points (0.26%) at 4,688.67. The Russell 2000 fell 28.02 points (1.16%) to 2,377.01, and the Wilshire 5000 closed 208.93 points (0.43%) lower at 48,677.66.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 1.588%. The price of the 30-year Treasury bond climbed 1 3/32, decreasing its yield to 1.971%.

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