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...
Roth IRAs Most Often Created by Contributions Roth IRA Investors Persistent, Responsive to Tax Rule Changes Washington, DC, June 30, 2014 - Contributions are the predominant way investors open Roth individual retirement accounts (IRAs), according to a new Investment Company Institute...
In conversations exploring outcome-oriented investing, the globalization of the fund industry, and the next generation of retirement plans, industry leaders offered their perspectives on serving investors in an evolving world during several insightful sessions at ICI’s annual General...
Because external hackers typically try to “look like an insider” when attempting to penetrate IT systems, “every cyberattack is likely an ‘internal’ attack,” according to Mark Clancy, managing director of technology risk management at the Depository Trust & Clearing Corporation (DTCC)...
U.S. policy is ripe for reform in a number of key areas, but changes to ease the polarized political environment must come first, former U.S. senator Olympia Snowe (R-ME) told the crowd during the final session of ICI’s 56th annual General Membership Meeting (GMM), held May 20–22 in...
Speaking on the Leadership Panel held Wednesday, May 21, at ICI’s General Membership Meeting (GMM), fund industry leaders agreed that challenges as well as opportunities abound for their businesses in today’s complex world.
ICI Applauds Senator Warner and Senator Coburn Effort to Bring More Transparency to Bond Investments Washington, DC, June 3, 2014— ICI issued the following statement about S. 2114, the Bond Transparency Act, sponsored by Senator Mark Warner (D-VA) and Senator Tom Coburn (R-OK): “ICI...
Arguments that large stock and bond mutual funds are prone to “runs” that can destabilize markets go back many decades, and are as misguided now as they were then, argues Matt Fink, ICI president from 1991 to 2004, and author of The Rise of Mutual Funds: An Insider's View.
New York Times columnist Floyd Norris makes a number of fundamental errors in his Friday column about the House Financial Services Committee hearing and the broader debate about the Financial Stability Oversight Council (FSOC) and its review of asset management.
Securities and Exchange Commission (SEC) Chair Mary Jo White today called for the U.S. Financial Stability Oversight Council (FSOC) to use outside expertise to the degree necessary in its process of designating systemically important financial institutions (SIFIs). She asserted that...
