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November 26, 2020

Treasury Nominee Janet Yellen (the Un-Steve Mnuchin)

By Kerry Pechter

Yellen, the first woman nominated for Treasury chief, is an academic economist, not a Wall Streeter. As Fed chief, she was known as an interest rate “dove;” more inclined to maintain high employment than stamp out inflation.  

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Time to overweight equities: BlackRock

'A key risk to our US equities view: The winding down of key Fed/Treasury emergency support facilities by the US Treasury highlights risks ahead for overall US policy support, especially on additional fiscal relief,' write analysts at BlackRock Investment Institute.

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Honorable Mention

ARA weighs in on ‘lifetime income illustrations’ in 401(k) plans; Barbara Turner becomes Ohio National’s first female CEO; Congress should support PPP tax relief: AICPA.

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Annuity Sales Rebound in Third Quarter: WinkIntel

Annuity sales emerged from the shadows of COVID-19 in the third quarter. Sales of multi-year guarantee annuity contracts (MYGAs) and of structured annuities (RILAs) were up by double-digits from a year ago, according to Wink's latest sales report.

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This British fintech plans to invade US DC biz

Over the past few years, Smart has secured funding from Natixis IM, JP Morgan, LGIM and Australian administrator Link Group to secure a 'rapid international expansion.'

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