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Weekday news and analysis for retirement plan advisers
Tuesday, September 05, 2023
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The Mental Health Benefits Push
PA-090123-Mental-Health-Benefits-Surging-1479494606-web
Employee benefit providers are seeing demand for mental health programs to supplement retirement saving and financial wellness offerings.
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Compliance
Complying With SEC’s Hypothetical Performance Marketing Rules
Advisers should use a process that makes it tough to fall out of compliance, not look for ways to dodge it on a technicality, according to experts.
Today’s Most Read
1. LPL Terminates CEO Arnold for Violating “Respectful Workplace” Rules
2. LPL’s Arnold Has Settlement Chance as Steinmeier Called Worthy Successor
3. Charles Schwab CEO Walt Bettinger to Retire
Retirement Industry People Moves
The Standard names new national retirement sales directors; Wescott joins NFP as a VP; Index Fund Advisors hires Higgins as SVP, institutional adviser.
Transamerica Renews Small Business Retirement Plan Campaign
Starting September 1, the provider will launch a campaign called 401(k)ares that will include an incentive to transfer from a SIMPLE IRA plan to a Transamerica option.
Republican Leaders Discourage 3(21) Fiduciary Rule Amendment
Updating the fiduciary rule remains a key area of focus for the Department of Labor, despite missing a published August timeline.
Market Mirror Market Mirror Graph

Friday, the Dow gained 115.80 points (0.33%) to close at 34,837.71, the Nasdaq lost 3.15 points (0.02%) to close at 14,031.82 and the S&P 500 gained 8.11 points (0.18%) to close at 4,515.77. The Russell 2000 rose 21.15 points (1.11%) to close at 1,920.83, and FT Wilshire 5000 Index rose 137.68 points (0.30%) to close at 45,606.11.

The 10-year Treasury note decreased 27/32, bringing the yield to 4.182%. The 30-year Treasury bond decreased 1 3/32, bringing the yield to 4.295%.

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