Retirees Make Prudent Decisions with 401(k) Assets Few Spend Funds Immediately; Most Roll Over to IRAs; Many Rely on Advisers Washington, DC, October 21, 2008 - Retirees do not spend their defined contribution (DC) balances immediately at retirement, but instead make thoughtful...
ICI Commends Fed Move to Ease Credit Washington, DC, October 21, 2008 - ICI President and CEO Paul Schott Stevens today released the following statement in response to the Federal Reserve's announcement of creation of the Money Market Investor Funding Facility, a new facility to...
Senator Robert Menendez (D-NJ) Addresses Conferees at ICI's Equity, Fixed-Income & Derivatives Markets Conferences It seems like we haven’t had time to breathe over the last few weeks and months, because our financial system itself has been running out of air. We all know the chain of...
Overview of Remarks by Andrew J. Donohue Though equity markets have been volatile and receiving the most press, Andrew Donohue, Director, Division of Investment Management of the SEC said that during these “truly extraordinary times,” the credit markets and the lack of liquidity have...
Opening Address ICI Equity, Fixed-Income & Derivatives Markets Conference Of Black Swans and Money Funds Paul Schott Stevens President & CEO Investment Company Institute October 6, 2008 Grand Hyatt, New York, NY Good morning. I’m Paul Stevens, president and CEO of the Investment...
Pay Attention to Risk Management, Treasury’s Ryan Tells Conference The government’s efforts to stabilize the ailing financial markets will not succeed without substantial help from the finance industry, Anthony Ryan, Acting Under Secretary of the Treasury for Domestic Finance, told...
ICI Re-Elects John Murphy Chairman Five New Governors Selected Washington, DC, October 3, 2008 – The Investment Company Institute’s Board of Governors today re-elected John V. Murphy for an additional one-year term as Chairman of the Institute. The board also ratified Martin L...
ICI Study Examines Who Gets Retirement Plans At Small Firms or Large, Coverage Related to Workers’ Ages and Earnings Washington, DC, October 3, 2008 - Most workers who are likely to have the ability to save and to be focused primarily on saving for retirement have access to an...
ICI Applauds Congressional Passage of Economic Stabilization Legislation Washington, DC, October 3, 2008 - Investment Company Institute President and Chief Executive Officer Paul Schott Stevens today issued the following statement: “We applaud the timely passage by Congress of the...
SCOFIELD BECOMES CHAIRMAN OF INDEPENDENT DIRECTORS COUNCIL WASHINGTON, DC, OCTOBER 3, 2008 - The Governing Council of the Independent Directors Council (IDC) has elected Michael S. Scofield, independent chair of Evergreen Funds, as its new chairman. He succeeds Robert W. Uek...
