

Nearly 89% of advisors in survey said plan sponsor clients spending up to 50% of time on retirement plan administrative work that could be outsourced.
President Biden rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change.
Bob Michele JP Morgan Asset Mgmt, said hopeful UBS Group AG’s deal to buy Credit Suisse enough to stave off wider selloff in European banks.
After much speculation, UBS made its play for its stricken long-time Swiss rival late Sunday by agreeing to $3.2 billion takeover of Credit Suisse.