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Weekday news and analysis for retirement plan advisers
Friday, October 20, 2023
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BlackRock Launches Target-Date ETFs Aimed at Self-Directed Retirement Savers
PAPS-101923-BlackRock-Target-Date-ETF-952625086-web
The TDFs will provide ETF access in a glide path as the firm targets 57M workers who lack 401(k) access. 
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Retirement Advisor Council Launches Financial Literacy Program FinLitFuture$
The council is calling on advisers and the retirement industry to help provide financial education to underserved students in underserved communities.
Today’s Most Read
1. Vestwell Acquires Accrue 401k, Adding 30,000 Plans
2. Wealthspire Names 9 Executives
3. Managed Accounts, TDFs or Both?
Supreme Court Declines to Hear Appeal of ERISA Class Action Waiver Cases
Two cases ruling that mandatory individual arbitration clauses are unenforceable are effectively upheld, at least for now.
Investment Product & Service Launches – 10/19/23
The Standard to roll out intellicents PEP; USAA introduces fixed-indexed annuity; SoFi Invest announces 1% IRA match; and more.
Our 2023 Retirement Plan Adviser Survey Is Open!
Participate in PLANADVISER’s 2023 Retirement Plan Adviser Survey to share with your peers how you select providers and funds, as well as developing trends you’re seeing in the market. Responses also inform which providers receive our annual Adviser Choice Awards.
Market Mirror Market Mirror Graph

Thursday, the Dow fell 250.92 points (0.75%) to close at 33,414.17, the Nasdaq fell 128.13 points (0.96%) to close at 13,186.18 and the S&P 500 fell 36.60 points (0.85%) to close at 4,278.00. The Russell 2000 fell 26.11 points (1.51%) to close at 1,702.70, and the FT Wilshire 5000 Index fell 397.64 points (0.92%) to close at 42,950.52.

The 10-year Treasury note fell 28/32, bringing the yield to 4.990%. The 30-year Treasury bond fell 1 6/32, bringing the yield to 5.106%. 

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