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Thursday, December 14, 2023
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Litigation Trends to Watch in 2024: Drop in TDF Suits, More Forfeiture Complaints
PA-121423-Litigation-in-2024-id1357987150-web
Attorneys from Faegre Drinker Biddle & Reath LLP discuss qualified retirement plan litigation trends for the new year.
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Adviser, Planner Communities Give Qualified Support for Fiduciary Proposal
The highly controversial proposal from the DOL has received support from major industry actors, including the CFP Board and FPA, at times with reservations.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. 1 Year in, Portability Services Network Covers 15,000 Retirement Plans
3. 401(k)s and the Courts in 2025
DOL’s Fiduciary Rule Faces Uncertain Future
Although regulators are motivated to finalize the rule, it will likely face litigation, according to Capital Group’s senior counsel.
Are They Legally Binding?
Circuit courts are mixed on arbitration clauses in plan documents.
Would DOL’s Fiduciary Proposal Help or Hinder Coverage Gap?
Dissenters say the DOL’s proposed amendments would reduce access to needed retirement products.
Market Mirror Market Mirror Graph

Wednesday, the Dow rose 512.30 points (1.40%) to close at 37,090.24, the Nasdaq rose 200.57 points (1.38%) to close at 14,733.96 and the S&P 500 rose 63.39 points (1.37%) to close at 4,707.09. The Russell 2000 rose 66.24 points (3.52%) to close at 1,947.51, and the FT Wilshire 5000 Index rose 733.70 points (1.57%) to close at 47,522.34.

The 10-year Treasury note rose 1 5/32, bringing the yield to 4.025%. The 30-year Treasury bond rose 2 4/32, bringing the yield to 4.179%.

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