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Weekday news and analysis for retirement plan advisers
Friday, December 15, 2023
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Deals & People
Edelman Financial Engines Acquires New England Pension Plan Systems
PAPS-121423-EFE-Acquisition-1209623728-web
The acquisition is the 2nd with retirement plan business in the last month and brings $1.5 billion in assets under management to EFE.
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Compliance
MFS, Natixis Both Name New CEOs
Philippe Setbon will step into the Natixis job immediately, while Edward Maloney’s promotion at MFS will take effect in 2025.
Today’s Most Read
1. 11 Republican AGs Sue BlackRock, State Street, Vanguard in ESG Case
2. Mapping State Retirement Programs
3. SEC Charges Former WAMCO co-CIO With Fraud
Product & Service Launches – 12/14/23
Equitable enhances flagship investment-only variable annuity; Vanguard expands ETF lineup; AllianceBernstein launches five active ETFs.
KeyBank Advisory Division Launches PEP
Institutional Advisory debuts 401(k) pooled employer plan, with Transamerica Corp. the recordkeeper and Pentegra the pooled plan administrator.  
Treasury Secondary Transaction Rule Finalized by SEC
The rule requires more trades to be centrally cleared and is intended to improve market transparency and liquidity.
Market Mirror Market Mirror Graph

Thursday, the Dow rose 158.11 points (0.43%) to close at 37,248.35, the Nasdaq rose 27.60 points (0.19%) to close at 14,761.56 and the S&P 500 12.46 points (0.26%) to close at 4,719.55. The Russell 2000 rose 53.01 points (2.72%) to close at 2,000.51, and the FT Wilshire 5000 Index rose 268.26 points (0.56%) to close at 47,790.60.

The 10-year Treasury note rose 31/32, bringing the yield to 3.911%. The 30-year Treasury bond rose 2 27/32, bringing the yield to 4.046%.

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