The Investment Company Institute (ICI) has released an update to the Financial Intermediary Controls and Compliance Assessment (FICCA) framework. FICCA assists mutual funds with the oversight of financial intermediaries that service fund shareholders and that primarily use omnibus...
ICI Statement on SEC Derivatives Rulemaking Washington, DC, December 11, 2015—Investment Company Institute President and CEO Paul Schott Stevens issued the following statement in response to a vote today by the Securities and Exchange Commission (SEC) to propose a rule on the use of...
ICI Names Christina Kilroy as Vice President, ICI Education Foundation Washington, DC, December 9, 2015—Christina “Tina” Kilroy has been named vice president of the ICI Education Foundation (ICIEF), leading ICI’s efforts to develop and deepen investor education resources and partner...
ICI Recordkeeper Data Show Retirement Plan Participants’ Commitment to Saving Washington, DC, November 24, 2015—Americans remain committed to saving for retirement through defined contribution (DC) plans, according to ICI’s latest study of retirement plan savers’ actions. The study, “...
State-Based Retirement Programs Pose Hazards for Employers, Workers More Private-Sector Tools Would Expand Access to Programs Washington, DC, November 16, 2015— ICI President and CEO Paul Schott Stevens issued the following statement in response to proposed regulations issued by the...
Millennials Are Investing at a Younger Age Compared with Earlier Generations ICI Study Finds Nearly One-Third of Millennial Households Own Mutual Funds Washington, DC, November 10, 2015—Nearly one-third of Millennial households owned mutual funds in mid-2015 according to an annual...
House Committee Passes Critical Changes to SIFI Designation Process Legislation Would Enhance Transparency and Provide FSOC Additional Tools to Mitigate Systemic Risk Washington, DC, November 4, 2015—The House Committee on Financial Services today passed bipartisan legislation to give...
ICI President CEO Comments on Retirement of Richard Ketchum Washington, DC, October 30, 2015— ICI President and CEO Paul Schott Stevens made the following statement in response to the announcement that Richard Ketchum, chairman and CEO of the Financial Industry Regulatory Authority...
ICI Statement on House Passage of the Retail Investor Protection Act Washington, DC, October 27, 2015— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement on House passage of H.R. 1090, the Retail Investor Protection Act, sponsored...
Fund Boards Engage in Strong Governance Practices Study by IDC and ICI Shows Boards Exceed Regulatory Mandates Washington, DC, October 27, 2015—Fund boards, as a group, follow strong governance practices to best serve the interests of fund shareholders, the Independent Directors...
