Retirement Plan Participation Continues to Increase Nearly Two-Thirds of Workers Participate in an Employer Plan Washington, DC; August 5, 2019—American workers’ participation in employer-sponsored retirement plans is significantly higher than suggested by the most commonly cited...
Funds Take Investor-Centric, Nuanced Approach Toward Proxy Voting New ICI Report Shows Funds Vote Carefully and Conscientiously Washington, DC; July 29, 2019—Funds cast their votes on proxy proposals offered at portfolio companies in the interests of fund shareholders and consider a...
Mutual Fund Expense Ratios in 401(k) Plans Have Trended Downward Since 2000 Washington, DC; July 11, 2019—The cost of investing in equity and hybrid mutual funds through 401(k) plans fell again in 2018—while the average expense ratio of bond mutual funds remained stable, according to...
House Spending Bill Weakens Investor Protections Washington, DC; June 26, 2019— Investment Company Institute President and CEO Paul Schott Stevens issued the following statement today after the US House of Representatives passed the Financial Services and General Government...
ICI Welcomes Senate Confirmation of Allison Lee as SEC Commissioner Washington, DC; June 20, 2019— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement after the US Senate today confirmed Allison Lee to serve as a commissioner of the...
BrightScope/ICI Data Show Diverse Range of 401(k) Investment Options Plan Costs and Fees Also Continue to Trend Downward Washington, DC; June 19, 2019—Employers offer a wide and diverse range of investment options to encourage their employees to contribute toward their retirement...
ICI Calls on SEC to Improve Proxy System for Funds and Their Investors Current System Is Costly, Inefficient, and Failing to Serve Fund Shareholders Washington, DC; June 11, 2019—The fund proxy system, which funds use to solicit votes from shareholders, poses significant challenges...
ICI Welcomes SEC’s Adoption of Regulation Best Interest Washington, DC; June 5, 2019— Investment Company Institute President and CEO Paul Schott Stevens issued the following statement today on the vote by the US Securities and Exchange Commission (SEC) to adopt rules for financial...
ICI Commends Senate Confirmation of Heath Tarbert as CFTC Chairman Washington, DC; June 5, 2019—Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement after the US Senate today confirmed Heath Tarbert to serve as chairman of the...
ICI Defined Contribution Plan Recordkeeper Data Show Retirement Plan Participants Stayed the Course Through Up and Down Markets in 2018 Washington, DC; May 23, 2019—Almost all defined contribution (DC) plan participants kept contributing to their retirement savings during 2018...
