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Weekday news and analysis for retirement plan advisers
Tuesday, September 06, 2022
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COMPLIANCE
DOL Updates Guidance on Audit Independence Rules
Labor Department leadership says the update is designed to expand retirement plans’ access to highly qualified auditors and audit firms.
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Retirement Industry People Moves
Triton Pacific Securities expands RIA focus; Millennium Trust names chief marketing officer; Commonwealth hires deputy general counsel and chief privacy officer; 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
Emergency Savings Features That Employees are Looking for
Workers earning low to moderate incomes are less likely to withdraw from their retirement account or take actions that jeopardize their financial futures.
An Adviser's Value
Most plan sponsors agree that a dedicated adviser delivers better outcomes.
If Caught Off Guard by a Failure
Advisers can self-correct some violations of PTE 2020-02.
Market Mirror Market Mirror Graph

Friday, the Dow slipped 337.98 points (1.07%) to end the week at 31,318.44, the Nasdaq sagged 154.26 points to close at 11,630.86 and the S&P 500 lost 42.59 points (1.07%) to 3,924.28. The Russell 2000 decreased 13.07 points (0.72%) to settle at 1,809.75 and the Wilshire 5000 contracted 390.44 points (0.99%) to reach 39,181.45.

The price of the 10-year Treasury note increased 28/32 lowering the yield to 3.269%. The price of the 30-year Treasury bond increased 4/32 lowering the yield to 3.345%.

For the week ending August 2, the Dow was down 2.99%, the Nasdaq fell 4.21% and the S&P 500 lost 4.21%. The Russell 2000 contracted 4.74% and the Wilshire 5000 dropped 3.49%.

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