Shah Commission and Ministry of Finance Announce No Retroactive Assessments on Foreign Funds Washington, DC, September 1, 2015— The Investment Company Institute responded today to the decision by the Indian Ministry of Finance to adopt the recommendations of the Shah Committee Report...
401(k) Plan Participants Paid Less in 2014 to Invest in Mutual Funds Than in 2013 Washington, DC, August 19, 2015—401(k) plan participants’ cost of investing in long-term mutual funds (equity, hybrid, and bond funds) was less in 2014 than in 2013, consistent with the pronounced...
ICI Supports SEC Rule Proposal to Enhance Fund Reporting and Modernize Shareholder Report Delivery Washington, DC, August 11, 2015—More frequent and substantive reporting on portfolio holdings by investment companies as proposed by the Securities and Exchange Commission (SEC) will...
ICI Recordkeeper Data Show Retirement Plan Participants’ Commitment to Saving Washington, DC, August 6, 2015 - ICI’s latest study of retirement plan savers’ actions shows Americans’ continuing commitment to saving for retirement. The study, “ Defined Contribution Plan Participants’...
ICI Statement on ESMA AIFMD Passport Recommendations ESMA Advice Inappropriately Confuses the Sale of Private Funds and Mutual Funds Washington, DC, July 30, 2015— Investment Company Institute President and CEO Paul Schott Stevens issued the following statement after the European...
ICI Statement on FSB Postponing Work on Asset Management SIFI Designation Methods Washington, DC, July 30, 2015— Investment Company Institute President and CEO Paul Schott Stevens issued the following statement today in response to an announcement from the Financial Stability Board...
ICI Names Marty Burns as Chief Industry Operations Officer Washington, DC, July 30, 2015—Martin “Marty” Burns has been named chief industry operations officer at ICI, promoted from his position as senior director of operations and distribution and acting chief industry operations...
Roth IRA Investors Tend to Be Younger Than Traditional IRA Investors Contributions, Not Rollovers, Form Base of Savings in Roth IRAs Washington, DC, July 28, 2015—Roth IRA investors tend to be younger than traditional IRA investors, reflecting the rules governing access to Roth IRAs...
ICI Seeks Improvements Toward a Workable Fiduciary Standard Rule Washington, DC, July 21, 2015—The current fiduciary standard rule proposal from the Department of Labor would severely and negatively affect retirement savers’ access to the guidance, products, and services they need to...
Nearly Half of Traditional IRA Contributors Reach the Contribution Limit Equity Allocation in Traditional IRAs Rose in 2013 Washington, DC, July 14, 2015—Nearly half of working-age Americans who made contributions into traditional individual retirement accounts (IRAs) in 2013...
