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Weekday news and analysis for retirement plan advisers
Thursday, September 02, 2021
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Data & Research
Lawmakers Running Out of Time for Fixing Social Security
The combined asset reserves of the Social Security Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to become depleted in 2034, one year earlier than the agency projected last year, with 78% of benefits payable at that time, according to the annual Social Security Trustees’ report.
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Empower Says Drop the Jargon, Focus on Clarity
Today’s Most Read
1. The New Vesting Schedule Debate
2. Why Are Financial Services Firms Looking to Wealth Management Leaders?
3. The Future of Work in the Investment Industry
Accelerate Retirement Announces Alliance for Independent Advisers
The technology engine behind Accelerate is a version of RPAG’s adviser platform.
Antitrust Issues Scuttled Aon-WTW Combo. What Comes Next?
Regulators cited the elimination of competition in filing a civil lawsuit to halt the union of Aon and Willis Towers Watson. As significant consolidation occurs across the financial services industry, some wonder whether similar issues could arise again.
We Nailed That RFP Response! (Didn’t We?)
Wouldn’t you love to be a fly on the wall at the plan sponsor defined contribution committee meeting where members discuss request for proposals responses?
Market Mirror Market Mirror Graph

Wednesday, the Dow lost 382.59 points (1.08%) to finish at 34,960.69, the Nasdaq closed 130.27 points (0.89%) lower at 14,525.91, and the S&P 500 decreased 47.81 points (1.07%) to 4,400.27. The Russell 2000 was down 18.39 points (0.84%) at 2,158.78, and the Wilshire 5000 fell 443.44 points (0.96%) to 45,556.54.

The price of the 10-year Treasury note was unchanged, with its yield down to 1.262%. The price of the 30-year Treasury bond increased 28/32, bringing its yield down to 1.902%.

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