Many financial intermediaries—such as broker-dealers, financial advisers, and retirement plan recordkeepers—provide services to fund shareholders and maintain customer account information on their own recordkeeping systems. Fund sponsors, in turn, want to ensure that intermediaries...
Fund Boards—Fulfilling their Promise to Shareholders Amy B.R. Lancellotta Managing Director, Independent Directors Council January 24, 2014 Welcoming Remarks at the ’40 Act Valuation Roundtable Los Angeles, CA As prepared for delivery. Thank you for inviting me to participate in today...
ICI Releases Updated Framework for Fund Industry Intermediary Oversight Washington, DC, January 24, 2014 - The Investment Company Institute (ICI) has released an update to the Financial Intermediary Controls and Compliance Assessment (FICCA) framework to assist mutual funds with the...
The 2010 reforms to money market mutual funds greatly enhanced the transparency of these funds, giving regulators, analysts, and investors greater insight into important elements of funds’ holdings and operations. The reforms required funds to disclose their entire portfolio holdings...
In recent months, both the U.S. Treasury Department's Office of Financial Research (OFR) and international regulators such as the Financial Stability Board (FSB) have examined whether asset managers pose risks to financial stability. One report is deeply flawed; the other offers a...
ICI and ICI Global Respond to Financial Stability Board’s Consultation on Global Systemically Important Financial Institutions London, 08 January 2014 - Today, Dan Waters, Managing Director of ICI Global, and Karrie McMillan, General Counsel of the Investment Company Institute, made...
Statement for Senate Hearing: The Role of Social Security, Defined Benefits, and Private Retirement Accounts in the Face of the Retirement Crisis (pdf)
A greater number of 401(k) plan participants are investing in target date funds over time. At year-end 2012, 41 percent of 401(k) participants held target date funds, according to a report released today by the Investment Company Institute (ICI) and the Employee Benefit Research...
Around the world, as systems for building retirement resources come under increasing pressure, countries of every size and economic situation are facing long-term savings challenges. To meet these challenges, it is critical that pension industry experts, policymakers, and fund...
One year ago, ICI released its landmark study, The Success of the U.S. Retirement System, a compilation of research from a wide range of sources, which found that the country’s retirement system is fostering economic security in retirement for Americans across all income levels.
