Retirement Assets Total $15.6 Trillion in Third Quarter Washington, DC, February 3, 2010 - Americans held $15.6 trillion in retirement assets at the end of the third quarter of 2009, accounting for 35 percent of all household financial assets in the United States, the Investment...
Wall Street Journal v. The Facts on Money Market Funds ICI President and CEO Paul Schott Stevens sent the following Letter to the Editor to the Wall Street Journal on February 3, 2010. Your editorial, “ The SEC v. Investors” (Feb. 3), got it wrong. Wrong on the facts, wrong on the...
IDC Task Force Report Examines Board Oversight of Subadvisers Washington, DC, January 28, 2010 - Mutual funds are increasing their use of subadvisers as funds seek to expand portfolio offerings for shareholders and enhance existing investment expertise, finds a new task force study...
ICI President and CEO Paul Schott Stevens issued the following statement following the Securities and Exchange Commission’s adoption of new rules and amendments to regulations governing money market funds under the Investment Company Act of 1940.
Michael S. Scofield, independent chairman of the Evergreen Funds and chairman of the Independent Directors Council, issued the following statement on the Securities and Exchange Commission’s approval of new rules for money market funds and the role of independent directors in...
IRA Ownership Steady Despite Recent Market Turmoil 39 Percent of U.S. Households Owned IRAs in 2009 Washington, DC, January 21, 2010 - Despite market challenges in 2008 through the March 2009 stock market lows, individual retirement account (IRA) ownership in 2009 and IRA owners’...
Americans Confident 401(k) Can Help Them Reach Their Retirement Goals Industry Leaders Discuss How to Strengthen the 401(k) and Broaden Retirement Savings Washington, DC, January 8, 2010 - In late 2009—having weathered a bear market in stocks that started in late 2007 and continued...
“Enduring Confidence in the 401(k) System: Investor Attitudes and Actions” Remarks by Paul Schott Stevens President and CEO Investment Company Institute National Press Club Washington, DC January 8, 2010 Thank you all for joining us here today, and thank you to Tejinder Singh and the...
Fund Industry Leaders Discuss America’s “Enduring Confidence” in the 401(k) System Washington, DC, January 8, 2010 - Fund industry leaders gathered to discuss the enduring confidence that Americans have in their 401(k) plans and their overwhelming support for the system’s key features...
ICI Commends Tri-Party Repo Infrastructure Task Force Efforts and Draft Recommendations Washington, DC, December 22, 2009 - ICI President and CEO Paul Schott Stevens made the following statement about the release of a progress report and draft recommendations designed to improve and...
