September 12th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Compliance New Fiduciary Proposal Could Alter Participant-to-Adviser Relationships The DOL sent a new fiduciary rule for an interagency review before its publication in the Federal Register. Deals and People USI Insurance Services Gets Equity Investment Increased Alternative asset manager KKR is plotting an additional $1 billion investment to bolster USI’s long-term growth. Most Read Deals and People Voya Announces Acquisition of OneAmerica's Retirement Plan Business Benefits ERISA Advisory Council Delves Into QDIA Retirement Income Offerings Benefits Social Security COLA for 2025 Projected at 2.5% MARKET MIRROR Monday, the Dow rose 87.13 points (0.25%) to close at 34,663.72, the Nasdaq rose 156.37 points (1.14%) to close at 13,917.89 and the S&P 500 rose 29.97 points (0.67%) to close at 4,487.46. The Russell 2000 rose 3.60 points (0.19%) to close at 1,855.14, and the FT Wilshire 5000 Index rose 287.85 points (0.64%) to close at 45,229.30. The 10-year Treasury note fell 2/23, bringing the yield to 4.290%. The 30-year Treasury bond fell 28/32, bringing the yield to 4.376%. Data and Research Gender Inequality in Retirement Savings Persists Women have continued to take workforce pauses at significantly higher rates than men and have greater concerns  about outliving their retirement savings, Charles Schwab research finds. UpFront Tools That Streamline the Request for Proposals Process Various new platforms and providers remove much of the work in conducting RFPs, while enhancing results. SMALL TALK ON THIS DATE: In 1940, in Montignac, France, four teenage boys found the Lascaux cave, which contains one of the most outstanding displays of prehistoric art ever discovered. In 1943, German commandos effected the escape of Italian dictator Benito Mussolini to Munich during World War II. In 1953, U.S. senator and future president John F. Kennedy married Jacqueline Bouvier in Newport, Rhode Island. In 1959, the Soviet Union launched Luna 2, the first space probe to hit the Moon. In 1959, the TV series “Bonanza” premiered on NBC, and it became one of the longest-running westerns in broadcast history. In 1977, South African activist Steve Biko died from injuries suffered while in police custody; he subsequently became an international martyr for South African Black nationalism. In 1980, the senior command of the Turkish army, led by General Kenan Evren, carried out a bloodless coup. In 1992, astronaut Mae Jemison became the first African American woman to fly in space. In 2003, country music legend Johnny Cash-whose craggy baritone, simple poetics, hard-won integrity and advocacy of the dispossessed transformed him into an American icon-died at age 71 Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850