March 21st, 2023 Insight on Plan Design & Investment Strategy Every Weekday Investing Biden Uses First Veto to Uphold DOL ESG Rule Veto permits retirement plans to continue using environmental, social and governance criteria when selecting retirement plan investments. Data and Research Retirement Income Products Should Reflect Retirees’ Desire for Stability, Survey Shows Retirees expressed that guaranteed lifetime income, as well as control and access to their money, are top priorities in a DCIIA research study. Most Read Compliance Regulators Clarify Part-Time Eligibility Rules for ERISA 403(b) Plans Opinions Accumulating Differences: Why Personalization Matters More for Older Investors Products Apollo, Athene Working On Alts, Annuities in DC Investing MARKET MIRROR Monday, the Dow gained 382.60 points (1.20%) to close at 32,244.58, the Nasdaq gained 45.03 points (0.39%) to close at 11,675.54 and the S&P 500 gained 34.93 points (0.89%) to close at 3,951.57. The Russell 2000 gained 19.10 points (1.11%) to close at 1,744.99 and the Wilshire 5000 increased 347.00 points (0.90%) to close at 39,109.85. The price of the 10-year Treasury note increased 3/32, bringing the yield to 3.486%. The price of the 30-year Treasury bond increased 3/32, bringing the yield to 3.672% Benefits Re-Examining the Default Retirement Age One of the most important retirement tools requires relevant data, such as anticipated retirement age, to be updated over time. EVENTS New Plan Creation Under SECURE 2.0 Join PLANSPONSOR, PLANADVISER and a panel of industry experts on April 5 as we discuss SECURE 2.0 provisions related to the creation of new retirement plans; why existing plan sponsors should care about the rules for newly created plans; and how SECURE 2.0 can assist advisers and employers in closing the retirement plan coverage gap.  SMALL TALK ON THIS DATE: In 1925, the Butler Act, which outlawed the teaching of evolution in Tennessee schools, was signed into law; the legislation was at the center of the Scopes Trial, and it was not repealed until 1967. In 1960, about 70 Black African demonstrators were killed by police in Sharpeville, Gauteng province, during a protest against South Africa’s pass laws. In 1963, the federal prison on San Francisco Bay’s Alcatraz Island, which had held some of the most dangerous civilian prisoners—including Al Capone and Robert Stroud, the “Birdman of Alcatraz”—was closed. In 1965, civil rights activists led by Martin Luther King, Jr., began a protest march from Selma to Montgomery, Alabama. In 1980, President Jimmy Carter announced that the United States was boycotting the Summer Olympics in Moscow to protest the Soviet invasion of Afghanistan. In 1986, Debi Thomas became the first Black woman to win the World Figure Skating Championship. In 2006, Twitter cofounder Jack Dorsey sent the first public tweet, which read “just setting up my twttr.” Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850