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Weekday news and analysis for retirement plan advisers
Thursday, December 21, 2023
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Deals & People
Aon to Acquire NFP for $13.4B
PAPS-122023-Aon-acquiring-NFP-531067704-web
NFP will continue to operate independently, with a “connected platform” to Aon.
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Compliance
Debating the Fiduciary Proposal: Pros and Cons
Two industry players debate issues surrounding rollovers, annuity sales, and access for smaller accounts.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. Firefighter Pension Complaint Alleges Insider Trading by United Health Execs, Including Slain CEO
3. 401(k)s and the Courts in 2025
2023 Retirement Plan Litigation Highlights
Sean Duffy, investment & fiduciary consultant with Conrad Siegel, notes key cases and learnings from the year in 401(k) litigation.
Product Partnerships – 12/20/23
Transamerica selected as recordkeeper for Gallagher’s 401(k) choice pooled solutions; Prospera unveils enhanced tech stack; BPAS partners with SS&C automatic rollover program.
Appeals Court Sets Aside Share Repurchase Disclosure Rule
The SEC could not meet a 30-day deadline to correct issues in the rule.
Market Mirror Market Mirror Graph

Wednesday, the Dow fell 475.92 points (1.27%) to close at 37,082.00, the Nasdaq fell 225.28 points (1.50%) to close at 14,777.94 and the S&P 500 fell 70.02 points (1.47%) to close at 4,698.35. The Russell 2000 fell 38.12 points (1.89%) to close at 1,982.84, and the FT Wilshire 5000 Index fell 735.85 points (1.52%) to close at 47,540.40.

The 10-year Treasury note rose 28/32, bringing the yield to 3.856%. The 30-year Treasury bond rose 32/32, bringing the yield to 3.994%.

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