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Weekday news and analysis for retirement plan advisers
Friday, November 17, 2023
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Infosys Cybersecurity Event Disrupting Recordkeeper, Insurance Platforms
PAPS-111623-Cyber-Breach-Continues-1298982587-web
T. Rowe Price, Vanguard, Principal, and Ascensus note ongoing system issues due to cybersecurity problem at US-based division of Infosys.
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Edelman Financial Engines Acquires PRW Wealth Management
The firm is looking to sync its growing wealth management footprint to retirement managed account offerings, according to its CFO.
Today’s Most Read
1. LPL Terminates CEO Arnold for Violating “Respectful Workplace” Rules
2. Charles Schwab CEO Walt Bettinger to Retire
3. DC Plan Experts See Slow, Steady Progress in Plan Personalization
New Senate Bill Would Prevent Retirement Plans from Omitting Workers Aged 18-20
Many plans start participation at age 21; new legislation would require inclusion of anyone 18 or older.
Product & Service Launches
Employee Fiduciary launches 401(k) fees calculator; Businessolver enhances MyChoice accounts HSA investment platform; BenchMine launches latest retirement plan insights; and more.
Biden Expected to Sign Continuing Resolution
The resolution would prevent a government shutdown and keep the DOL funded through February 2.
Market Mirror Market Mirror Graph

Thursday, the Dow fell 45.74 points (0.13%) to close at 34,945.47, the Nasdaq rose 9.84 points (0.07%) to close at 14,113.67 and the S&P 500 rose 5.36 points (0.12%) to close at 4,508.24%. The Russell 2000 lost 27.46 points (1.52%) to close at 1,773.76, and the FT Wilshire 5000 Index lost 24.85 points (0.05%) to close at 45,200.05.

The 10-year Treasury note increased 28/32, bringing the yield to 4.446%. The 30-year Treasury bond increased 1 25/32, bringing the yield to 4.615%. 

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