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Thursday, October 20, 2022
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PA 101922 Insights on What Really Matters to Participants
Findings of a national survey debunked some myths about what employees think about work and retirement.
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High-Net-Worth Individuals Worry if They Will Have Enough to Retire
While millionaires are saving more compared to the average, it’s not at a great enough amount to make a significant difference.
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. Rebutting 7 Retirement Income Concerns
The Appeal of Guaranteed Lifetime Income Option Is Growing Among Participants
While more participants are looking for a consistent source of income in retirement, they also want the flexibility to change their payments when needed.
Sequoia Secures $200M from PE Firm Valeas to Fuel Continued Growth
The wealth management firm continues an acquisitions push after nearly doubling assets under management to $10 billion last year.
Retirement Industry People Moves

SageView Advisory Group to acquire women-led Lakeview Wealth Management; Corebridge Financial hires president of retirement services; UBS hires seven in California; and more.

Market Mirror Market Mirror Graph

Wednesday, the Dow decreased 99.99 points (0.33%) to close at 30,423.81, the Nasdaq lost 91.89 points (0.85%) to finish trading at 10,680.51 and the S&P 500 decreased 24.82 points (0.67%) to close at 3,695.16. The Russell 2000 lost 30.20 points (1.72%) to close at 1,725.76 and the Wilshire 5000 decreased 331.14 points (0.89%) to close at 36,882.51.

The price of the 10-year Treasury note decreased 31/32 bringing the yield up to 4.136%. The price of the 30-year Treasury bond decreased 1 27/32 bringing the yield up to 4.131%.

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