One of the many strengths of the 401(k) system is its flexibility. Policymakers have built into 401(k) plans a careful mix of incentives that help workers save and preserve their savings for retirement—while still allowing limited access to their funds, in case of need, through...
The European Commission has proposed imposing a 0.1 percent (10 basis points) levy on financial transactions. As ICI has detailed, this financial transaction tax (FTT) would have a host of negative consequences, including harm to investors and extraterritoriality.
Letter to the Wall Street Journal on “Worrisome Savings Killer” in Budget Proposal (As published in the Wall Street Journal on April 21, 2013) Your editorial "Now He's After Your 401(k)" (April 12) correctly criticizes the impact of President Obama's proposed limit on the amount that...
Americans have saved $5.1 trillion dollars in 401(k) and other defined contribution (DC) retirement plans—plus another $5.4 in individual retirement accounts (IRAs) that are funded largely by assets rolled over from DC and other employer retirement plans.
SEC Chairman Mary Jo White to Address ICI GMM Address Marks Chairman White’s First Scheduled Speech to Fund Industry Washington, DC, April 16, 2013 - Newly confirmed U.S. Securities and Exchange Commission Chairman Mary Jo White will address the Investment Company Institute’s 55th...
The U.S. Department of Labor (DOL) is preparing to reintroduce its controversial proposal to revise the long-standing definition of “fiduciary” under the Employee Retirement Income Security Act (ERISA).
Average Expense Ratios Paid by Mutual Fund Investors Continued to Decline in 2012 Newly Compiled Data for Target Date Mutual Funds Show Expenses Fell in 2012 Washington, DC, April 11, 2013 - The downward trend in average expense ratios paid by investors in mutual funds continued...
