Accounts of Consistent 401(k) Participants Grew 6.8 Percent Annually During the Five Years That Included Financial Crisis Study Confirms Expanding Role of Target Date Funds in 401(k) Plans Washington, DC, July 31, 2014—The average account balance of workers who participated...
Astrophysicists have discovered that they can’t account for the composition and behavior of the universe without including “dark matter”—matter that can’t be observed directly.
A recent “Heard on the Street” column in the Wall Street Journal (“Heeding 1994's Bond-Market Lesson,” July 27, 2014) is correct in saying that there’s a lesson to be learned from the 1994 bond market—but it draws the wrong lesson.
The following was written by ICI’s chief economist, Brian Reid, and published on FT Alphaville on July 23. For more information on ICI’s views and research on financial stability, please visit our Financial Stability Resource Center.
ICI President and CEO Paul Schott Stevens made the following statement about the new rules for money market funds approved by the U.S. Securities and Exchange Commission...
IDC Statement on SEC Adoption of New Money Market Funds Requirements Washington, DC, July 23, 2014— Independent Directors Council (IDC) Managing Director Amy Lancellotta made the following statement today about the U.S. Securities and Exchange Commission’s final rules for money market...
As we discussed in March and April, European banks have generally become less willing to borrow from U.S. money market funds due to regulatory pressures, especially at the end of the quarter. Specifically, the new Basel III requirements seek to increase capital ratios of banks and...
Since the individual retirement account (IRA) was created as part of the Employee Retirement Income Security Act of 1974 (ERISA), it has become a resounding success, accounting for the largest pool of assets in the U.S. retirement market. By the end of 2013, Americans held $6.5...
Long-Term Downward Trend of Fees Paid by 401(k) Investors in Mutual Funds Continued in 2013 Washington, DC, July 14, 2014—Participants in 401(k) plans incurred lower expenses investing in long-term mutual funds (equity, hybrid, and bond funds) in 2013 than in 2012, the Investment...
Tackling the Common, Complex Problems of Pension Systems By Paul Schott Stevens (As published in IPE Views , 11 July 2014) The pressure on pension systems shows no sign of relenting. Even before the financial crisis, both governmental and employer-based retirement plans were...
