Register Today! Learn about the Hong Kong DC System                          Monday Newsletter, August 28, 2017

 Academic Forum registration is  now open!  

 Don't miss this unique event being  held October 18-19, in New York  City. Click here for more information  and to reserve your place today.


 Coming Soon – Nominations for  Executive Committee Leadership  Positions 

 The Executive Committee  nominating process is starting later  this week. Look for an  email  announcement.

 Important Website Login  Information

 DCIIA launched a new website on  Wednesday, August 16th and an  email was sent to the membership  with first-time  login instructions. 

Be sure to check your inbox or  SPAM or junk folder for the email  with instructions to login and reset  your password.

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Register today – Learn about the Hong Kong Defined Contribution System

Registration is required to attend this event. 
As a DCIIA member, you will be the first to have the opportunity to hear this webinar playback. Please join us on Tuesday August 29, 2017 at 11:00 a.m., EDT. You may register for this event by clicking here (DCIIA login is required) and all registered members will receive the link to the webinar.              

Q&A will be limited to email correspondence following the webinar – the panel will follow up to questions submitted via:

Thank you to the DCIIA Global Committee for sponsoring this webinar designed to provide an overview of the Hong Kong Defined Contribution system from the perspective of a Regulator, an Investment Consultant, and an Asset Manager. This webinar will describe the country’s retirement pillar framework, focusing on the DC pillar, and how it will help participants save and invest effectively to obtain secure retirement outcomes.


You won't want to miss this opportunity!

"Design Matters" – DCIIA Publication
A key component of retirement income adequacy

Some industry professionals say conflicting definitions may be responsible for discrepancies in estimates of retirement income adequacy. What do we mean by retirement income adequacy? It could mean saving enough to replace all or a certain percentage of a working person's pre-retirement income for as long as they (and their spouse) live. It could also mean accumulating enough of a nest egg so that life's basic expenditures in retirement are covered. But what do we mean by basic expenditures? And how might those expenditures vary with age and other factors?

Without a common understanding of definitions, data and assumptions, it is difficult, if not impossible, to have a clear and unbiased understanding of the strengths and weaknesses of the current system, where lawmakers and regulators should focus their attention, and what guidance industry practitioners might give to plan sponsors to ensure better outcomes.

Click here to read the full white paper.

Reminder – please provide your input for the 2018 Investment Forum speakers

We want to hear from you ...
We are looking for your suggestions for speakers from within the DCIIA membership for the 2018 Investment Forum on these four potential topics: Multi-Manager Approach, Managed Accounts & Digital Advice, Asset Preservation and Creating Effective Diversification – click on the link below to review the topic descriptions. The deadline for suggestions is Wednesday, September 6th. Please submit your suggestions via the following link:

Please click here to review the Investment Forum topic descriptions

Weekly Links/Member Highlights


Tax reform efforts put retirement plans at risk
Comments by Lew Minsky, DCIIA president & CEO
Pensions & Investments – August 21,2017


Why small retirement accounts are the root of many problems
Authored by Spencer Williams, president and CEO Retirement Clearinghouse
Employee Benefit News – August 23, 2017

Less is more when designing a 401(k) plan

Authored by Don Stone, executive director, Pavilion Advisory Group
Employee Benefit Advisor, August 22, 2017

How Does Your 401(k) Compare?

Comments by Ross Bremen, partner and defined-contribution strategist, NEPC
Bloomberg – August 23, 2017

Retirement plan menu design continues to evolve
Comments by Shelby George,
senior vice president, advisor services, Manning & Napier
Employee Benefit News – August 22, 2017 

Using Client Surveys Effectively

Comments by Robin Green, AIF, senior vice president with Ann Schleck & Co.
Wealth Management – August 22, 2017


Staying Ahead of the Curve: The RIA and Financial Advisor Landscape - An Update on the Latest Trends

Interview by Jeffrey Snyder, senior consultant, vice president, Cammack Retirement Group;, Asset TV & The Morning Pulse – 2017

Your Financial Life Is Complicated; Your Portfolio Shouldn't Be
Authored by Christine Benz, Morningstar – comments by David Blanchett and Philip Straehl, Morningstar Investment Management

Expense ratios for defined-contribution plans stall out at a new low
Comments by Ross Bremen, partner, defined-contribution strategist, NEPC

InvestmentNews/Bloomberg News – August 24, 2017

It's time to think about your doctor for next year

Comments by Catherine Collinson, president,Transamerica Center for Retirement Studies. 
Morningstar/Marketwatch – August 23, 2017

DC investment fee cuts slow while record-keeping fees reverse course — survey

Comments by Ross Bremen, partner, defined-contribution strategist, NEPC
Pensions & Investments – August 24, 2017

DOL News

DOL fiduciary rule driving fundamental shift in variable annuity market
Investment News – August 24, 2017

DOL Extends Nomination Period for 2018 ERISA Advisory Council

NAPA Net – August 21, 2017


Excessive Fee Suit Alleges Fiduciary ‘Abdication
NAPA Net – August 23, 2017



How financial advisers can take advantage of tax reform uncertainty

Comments by John Voltaggio, managing director of wealth management, Northern Trust Co.
InvestmentNews – August 24, 2017


State News

How Do Employers Feel About State Retirement Expansion Ideas?
NAPA Net – August 21, 2017

Jeffrey H. Snyder supplies a number of the links used in the weekly update. Jeffrey serves as a Vice President, Senior Consultant and the Public Markets Practice Leader at Cammack Retirement Group. Jeffrey has held a wide range of senior positions within the United States retirement industry. He has worked with many of the industry's top firms to provide guidance and solutions to employers throughout all sectors of the economy.

© 2017 DCIIA | | 2025 M Street, Suite 800, Washington, DC 20036 | | The Defined Contribution Institutional Investment Association (DCIIA) is a non-profit association dedicated to enhancing the retirement security of American workers. To do this, DCIIA fosters a dialogue among the leaders of the defined contribution community who are passionate about improving defined contribution plan design. DCIIA members include investment managers, consultants, law firms, recordkeepers, insurance companies, plan sponsors and others committed to the best interests of plan participants.

DCIIA | 2025 M Street, Suite 800 | Washington, DC 20036 | 202-367-1124 |