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Weekday news and analysis for retirement plan advisers
Tuesday, November 14, 2023
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New Bill Would Require Private Fund Disclosures for Chinese Investments
PA-111323-Foreign-Investing-Bill-1271658574-web
Senators seek to stymie Americans’ retirement savings being invested in China and other "countries of concern."
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Empower’s TDF-to-Managed-Account Offering Clocks $21B in Assets
Recordkeeper's CEO notes potential for managed accounts and other participant offerings to grow on Prudential retirement migration.
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
Advisory M&A News - 11/13/23
Hub International adds Renaissance Benefit Advisors; Wealth Enhancement Group acquires Retirement Advisory Group; Hightower announces strategic investment in Resource Consulting Group.
United Airlines Sues Advisers for ‘Scheme’ to Defraud 401(k) Pilot Participants
A lawsuit filed in Minnesota federal court claims an independent advisory deceived participants by taking loans from their accounts for ‘personal gain.’
Navigating ESG: Surveying the Landscape
Knowledge about ESG, integration and greenwashing remains low, according to experts at a PLANADVISER event.
Market Mirror Market Mirror Graph

Monday, the Dow rose 54.77 points (0.16%) to close at 34,337.87, the Nasdaq fell 30.37 points (0.22%) to close at 13,767.74 and the S&P 500 fell 3.69 points (0.08%) to close at 4,411.55. The Russell 2000 rose 0.18 points (0.01%) to close at 1,705.50, and the FT Wilshire 5000 Index fell 30.38 points (0.069%) to close at 44,158.61.

The 10-year Treasury note rose 1/32, bringing the yield to 4.635%. The 30-year Treasury bond rose 1/32, bringing the yield to 4.755%. 

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