ICI President and CEO Paul Schott Stevens testified before the US Senate Committee on Banking, Housing, and Urban Affairs today at a hearing examining Financial Stability Oversight Council (FSOC) designations of nonbank financial companies as systemically important financial...
ICI President and CEO Paul Schott Stevens issued the following statement after today’s actions by the Financial Stability Oversight Council (FSOC), which would implement significant changes to the treatment of potential systemic risks among nonbank financial companies: “We welcome the...
ICI Welcomes SEC Amendments to Address Cybersecurity Concerns and Protect Sensitive Data in Form N-PORT Filings Washington, DC; February 28, 2019—Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement after the US Securities and...
ICI, ICIEF Support “America Saves Week” to Promote Financial Literacy and Planning Washington, DC; February 25, 2019—The Investment Company Institute (ICI) and the ICI Education Foundation (ICIEF) today heralded the start of “ America Saves Week 2019,” an annual campaign that...
ICI Defined Contribution Plan Recordkeeper Data Show Continued Commitment to Retirement Saving Washington, DC; February 21, 2019—Defined contribution (DC) plan participants generally kept contributing to their retirement savings during the first three quarters of last year, according...
Americans Want to Preserve Defined Contribution Plan Features Savers Value Design and Structure of Defined Contribution Plans Washington, DC; February 7, 2019–More than three-quarters of Americans expressed confidence in the ability of 401(k)s and other defined contribution (DC)...
ICI Mourns the Passing of Vanguard Founder Jack Bogle Washington, DC; January 16, 2019— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement on the passing of John C. “Jack” Bogle, founder of the Vanguard Group and former chairman...
ICI Hires Kathleen L. Mellody as Senior Government Affairs Officer Washington, DC; January 7, 2019—The Investment Company Institute (ICI) has named Kathleen L. Mellody as senior government affairs officer. Before joining ICI, Mellody served as head of federal affairs at The Hartford...
ICI Statement on House Passage of the Retirement, Savings, and Other Tax Relief Act of 2018 Bill includes bipartisan provisions to expand savings for workers, aid shareholders; additional work needed to preserve flexibility on lifetime income disclosure Washington, DC; December 20...
Rollovers Often Are Key in Traditional IRA Ownership Washington, DC, December 19, 2018—The majority of US households with traditional individual retirement accounts (IRAs) indicated their traditional IRAs included rollovers from workplace retirement plans, according to a survey...
