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Weekday news and analysis for retirement plan advisers
Monday, September 26, 2022
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New Advisory Group on Preventing Senior Scams to Meet Next Week
PA-92322-Senior financial scams-1264863780-web
The advisory group was established by the Stop Senior Scams Act, passed in March, and is charged with developing strategies for combating financial scams against seniors.
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Retirement Industry People Moves
Pontera appoints its first chief marketing officer; Pacific Life announces new head of defined contribution lifetime income; Dorsey & Whitney names new partner; and more.
Today’s Most Read
1. Retirement Industry People Moves
2. Maryland’s State-Run Retirement Program Officially Launches
3. Judge Rules in Favor of Goldman Sachs in ERISA Suit
Parties Reach Preliminary Settlement in 16-Year ERISA Lawsuit
Plaintiffs agree to settle for $267 million in a class action suit that alleged that PricewaterhouseCoopers LLP undercalculated lump-sum payments made to pension participants.
Transamerica, Smart, and Finhabits Expand Retirement Plan Coverage to Underserved Markets
The service is meant to be an affordable alternative to state-mandated retirement plans.
2022 PANC Photo Gallery
Photos from the 2022 PLANADVISER National Conference in Scottsdale, Arizona, are now online!
Market Mirror Market Mirror Graph

Friday, the Dow was down 486.27 points (1.62%) to close at 29,590.41, the Nasdaq lost 198.88 points (1.80%) to end trading at 10,867.926 and the S&P 500 fell 64.76 points (1.72%) points to finish at 3,693.23. The Russell 2000 slipped 42.72 points (2.48%) to close at 1,679.59 and the Wilshire 5000 decreased 695.95 points (1.86) to end trading at 36,787.20.

The price of the 10-year Treasury note increased 2/32 bringing the yield down to 3.691%. The price of the 30-year Treasury bond increased 5/32 bringing the yield down to 3.615%.

For the week ending September 23, the Dow was down 4.00%, the Nasdaq fell 5.07% and the S&P 500 lost 4.65%. The Russell 2000 decreased 6.60%, and the Wilshire 5000 ended the week 5.07% lower.

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