A story in the October 21 issue of the Financial Times (“Almost 20 money market funds bailed out”; subscription required) takes old numbers and tries to present them as news.
Comment on “Almost 20 Money Market Funds Bailed Out” This story takes old numbers and tries to present them as news. Contrary to its suggestion, US money market funds have not incurred threatening losses since the financial crisis of 2007–2009. At the Investment Company Institute, we...
Ongoing Contributions and Market Gains Lifted Most 401(k) Balances Well Above Precrisis Levels Consistent Participants Weathered Bear Market Washington, DC, October 17, 2013 - The average 401(k) account balance for those consistently participating in their 401(k) plans for the four...
Private-Sector Retirement Plan Income Has Become More Prevalent, Not Less ICI Study Examines Trends in Retiree Income Since 1975 Washington, DC, October 17, 2013 - Across all income groups, retirement income generated by private-sector retirement plans has become more prevalent—not...
ICI Study: Despite Financial Stresses Since the 2008 Crisis, Most Investors in Traditional IRAs Reacted Moderately By 2011, Traditional IRA Balances of Investors Under Age 70 Surpassed Precrisis Levels Washington, DC, October 17, 2013 - Despite a severe financial crisis in 2008 and...
The Facts on Retirement Paul Schott Stevens President and CEO Investment Company Institute October 17, 2013 Union League Club of Chicago Breakfast@65West Chicago, IL As prepared for delivery. Thank you, Chris [Robling], and thank you to the Union League Club of Chicago for providing...
As the U.S. Treasury reaches the limits of its borrowing authority this week, markets and the media are focusing on the risk that the United States will default on its debt and fail to pay interest or principal on maturing Treasury securities, perhaps before the end of October.
Failing to Understand the Nature of Our Capital Markets: The Office of Financial Research’s “Asset Management and Financial Stability” Report Karrie McMillan General Counsel Investment Company Institute October 10, 2013 ICI Capital Markets Conference New York, NY As prepared for...
