Steven Maijoor, chairman of the European Securities and Markets Authority, says regulators must strike a balance between risks and opportunities posed by technological innovation. Artificial intelligence lets regulators exert greater control and lets firms comply more efficiently with requirements, Maijoor says in a conference address.
A county commission in Indiana voted to add a performance bond requirement to a contract for a surveillance system in the county jail. The county attorney said the performance bond requirement will protect the county if something goes wrong and the work is not completed.
A recent survey showed 80% of construction companies are having a tough time filling hourly craft positions. Some firms are looking to technology to help ease labor shortages. Among technological innovations being used are building information modeling, drones, GPS and 3D printing, the survey found.
Only 5% of millennials are interested in an insurance career, and many of them are turned off by the industry's clunky and outdated technology, writes Brian Berns. Insurers must understand employees' needs and update technology to meet those needs, he explains.
Data show investors are increasingly moving out of equity funds and into bond funds. Experts say investors may be focusing too much on stock market risk and not enough on bond risk from rising interest rates, which could hurt them in the long run.
Seven traits of superproductive people listed in a Harvard Business Review article "are highly relevant to financial advisors," Matt Oechsli writes. The traits include setting ambitious goals, showing consistency in work, and anticipating and solving problems.
People who marry later in life likely already have considerable assets, writes Michael Rousseau of CCR Wealth Management, who notes advisors often think relationships are too personal for discussion with clients. "But there's nothing inappropriate about asking unmarried clients about their relationships and how they could impact their financial planning," writes Rousseau, a financial planner.
Reviewing beneficiary forms for individual retirement accounts with clients is "one of the most valuable services you can provide," IRA expert Ed Slott writes. He calls missing and incorrect forms an epidemic, saying it's too late to fix the problem once an IRA owner dies.
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