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Weekday news and analysis for retirement plan advisers
Thursday, October 12, 2023
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Practice Management
As Student Loan Repayments Resume, Employers Can Help
PA-101123-Student-Loan-Tips-1445628899-web
Advisers and employers can prepare their participants for the financial shift and potential eligibility for matching funds in 2024.
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Compliance
Industry Advocates Implore DOL for Regulatory Clarity on SECURE 2.0
Emergency savings and disclosures were points of focus.
Today’s Most Read
1. JPMorgan Faces 401(k) Forfeiture Lawsuit
2. Trump Names Acting Secretary for Department of Labor
3. TIAA and Nuveen's Target-Date Annuity Strategies Reach 1 Million Accounts
Two Plan Sponsors Accused of Improper Use of 401(k) Forfeitures
ERISA experts point to longstanding and widespread practice of using forfeitures to reduce future employer contributions or pay reasonable expenses.
Adviser Product Partnerships
PNC adviser platform to offer Transamerica annuities; 360 Financial partners with Rapacki + Co.; Acorns launches premium tier with GoHenry.
DOL’s Khawar Says ‘Partnership’ Needed to Combat Cyber Risks
The principal deputy assistant secretary for EBSA discusses how plan fiduciaries have been using DOL best practice guidance, and why health care may be next.
Market Mirror Market Mirror Graph

[4:45 PM] Remy Samuels

Tuesday, the Dow rose 65.57 points (0.19%) to close at 33,804.87, the Nasdaq rose 96.83 points (0.71%) to close at 13,659.68 and the S&P 500 rose 18.71 points (0.43%) to close at 4,376.95. The Russell 2000 lost 2.65 points (0.15%) to close at 1,773.30, and the FT Wilshire gained 168.97 points (0.39%) to close at 44,040.23.

The 10-year Treasury note increased 30/32, bringing the yield to 4.563%. The 30-year Treasury bond increased 1 31/32, bringing the yield to 4.699%. 

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