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Weekday news and analysis for retirement plan advisers
Thursday, November 09, 2023
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AI’s Potentials, Pitfalls For Enhancing Participant Advice
PA-110723-AI-with-Humans-Works-Best-1084076810-web
The retirement industry is honing in on artificial intelligence uses—and potential misuses—in improving participant interaction.
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Compliance
Trade Groups Call for Longer Comment Period for Fiduciary Rule Proposals
The proposals would apply fiduciary status to one-time investment recommendations such as rollovers and annuity sales.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. Firefighter Pension Complaint Alleges Insider Trading by United Health Execs, Including Slain CEO
3. 401(k)s and the Courts in 2025
Investors, Betting on Elevated Interest Rates Into ’24, Are Favoring Fixed Income
CoreData finds that 50% of respondents named fixed income as their preferred asset class for risk-adjusted returns—in part due to growing fears of a tech stock bubble.
Adviser Product Partnerships – 11/8/23
Pontera, Wealthspire expand 401(k) capabilities; Snappy Kraken marketing system now available for LPL Financial Advisors; Valley Bank partners with FusionIQ One digital advice platform.
Know the Risks Resulting From Swing Pricing, Hard Close Proposals
American Trust Custody’s COO explains why plan advisers and sponsors should prepare for an increase in plan costs if the SEC’s swing pricing proposal hits mutual funds.
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 40.33 points (0.12%) to close at 34,112.27, the Nasdaq rose 10.56 points (0.08%) to close at 13,650.41 and the S&P 500 rose 4.40 points (0.10%) to close at 4,382.78. The Russell 2000 lost 19.08 points (1.10%) to close at 1,714.07, and the FT Wilshire 5000 Index gained 2.01 points (0.00%) to close at 43,927.79.

The 10-year Treasury note increased 27/32, bringing the yield to 4.503%. The 30-year Treasury bond increased 1 29/32, bringing the yield to 4.614%. 

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