ICI Appoints John Sabelhaus as Senior Economist An Expert on Retirement and Modeling, He Will Conduct Investor Research Washington, DC, October 4, 2007 - John Sabelhaus, an economist with extensive experience in government and academia, has been named senior economist at the...
ICI Endorses Broader Shareholder Access to Proxy Changes Will Benefit Long-Term, Committed Investors, Mutual Fund Group Says Washington, DC, September 27, 2007 - Mutual funds and their shareholders can benefit from a Securities and Exchange Commission proposal to grant long-term...
401(k) Participants Hold Lower-Cost Funds New ICI Research Suggests Employers and Workers Are Sensitive to Fees Washington, DC, September 25, 2007 - Employers and workers in 401(k) retirement savings plans tend to select lower-cost mutual funds with below-average turnover, according...
ICI Testifies in Support of Effective 401(k) Disclosure Plan Sponsors Need Data on Fees, Revenue Sharing, ICI Tells Advisory Panel Washington, DC, September 20, 2007 - The Investment Company Institute today told the Department of Labor's ERISA Advisory Council that effective...
American Enterprise Institute Conference on Rule 12b-1 Should the SEC’s Rule 12b-1 Survive? Remarks of Paul Schott Stevens President & CEO Investment Company Institute September 14, 2007 Washington, DC Thank you, Peter (Wallison), for your kind introduction and for organizing this...
ICI Appoints Karrie McMillan as General Counsel Washington, DC, August 2, 2007 - Karen “Karrie” McMillan, an attorney with extensive governmental and private practice experience in the mutual fund industry, has been named General Counsel of the Investment Company Institute. Ms...
New EBRI/ICI Research: Average 401(k) Account Grew 8.7 Percent Annually over Seven-Year Period Washington, DC, July 31, 2007 - The average account balance among American workers who consistently held 401(k) accounts from 1999 through 2006 increased at an annual rate of 8.7 percent...
ICI President Underscores Importance of Issues Raised in Chairman Miller’s 401(k) Disclosure Bill Washington, DC, July 26, 2007 - Investment Company Institute President Paul Schott Stevens issued the following statement in response to the introduction of legislation on disclosure of...
Retirement Assets Reach Record $16.4 Trillion Now Account for About 40 Percent of Household Financial Assets Washington, DC, July 25, 2007 - The nation's retirement nest eggs reached a record $16.4 trillion in 2006, an 11 percent increase over the prior year and a 55 percent increase...
Twelve Trade Associations Support Improved 401(k) Disclosure in Submission to Labor Department Washington, DC, July 24, 2007 - Twelve associations representing both employers that sponsor retirement savings plans and the financial institutions that provide services to such plans today...
