August 11th, 2015

Fiduciary Rule Hearings Kick Off in Washington There is perhaps no better venue than a marathon Labor Department hearing to show what practices and beliefs most divide an industry. This is especially true for retirement planning and financial services professionals, who aired some of their many-hued grievances Monday with the Department of Labor’s fiduciary redefinition project. Read more > Advisers Viewed as Highly Effective Time for a little good news: More than nine out of 10 investors say professional financial advisers could help them reach their financial goals. Now, how to turn good will into something more? It helps to know 86% say working with a financial professional is relieving the pressure of trying to plan for their family’s future by themselves Read more > IRS Webcast Reveals Compliance Unit Activities The Internal Revenue Service is inviting the public to a webcast titled, “Employee Plans Compliance Unit (EPCU) Updates.” In an email, the agency says the free webcasts will offer insights into lessons learned from the Employee Plans Compliance Unit examinations. Read more > MOST READ ARTICLES 1 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 2 Biden’s First Veto Keeps DOL’s ESG Rule in Place 3 2023 Retirement Plan Adviser of the Year Finalists 4 Experts Predict Major Growth in Retirement Coverage, Benefits 5 Complying With the Custody Rule and the New Custody Proposal

2015 DCIO Survey Each year since this survey’s inception in 2012, investment managers have reported increased asset levels in their defined contribution investment only businesses. Although the names of the firms participating in the survey have changed somewhat, we can report that the 37 managers on this year’s list enjoyed a nearly $230 billion increase in DCIO assets from year-end 2013 to year-end 2014. Read more > Advisers Talking About Financial Wellness The goal of financial wellness education programs is to change financial behavior while addressing the root causes of financial stress and mismanagement, which can be damaging to the workplace. In fact, seven out of 10 human resource professionals cited personal financial challenges as hurting employees’ job performance, according to a 2014 Society for Human Resource Management survey. Read more >

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