ICI Recommends Refinements to Rule 12b-1 Focus on Improving Investor Understanding and Board Oversight of Fee Stresses Role of Fee in Bringing Choice, Advice, and Other Essential Services to Investors Washington, DC, July 19, 2007 – The Investment Company Institute today made several...
The Role of the Independent Counsel to Fund Boards Welcoming Remarks by Paul Schott Stevens President and CEO, Investment Company Institute Independent Counsel Roundtable July 11, 2007 Washington, DC Good morning. Isn’t it great to be in Washington in July! On behalf of the Investment...
Keep Stable Value Funds Out of Auto Enroll By Paul Schott Stevens (as published in Forbes, July 2, 2007) Last August, President Bush signed into law the Pension Protection Act of 2006. One of its central provisions, designed by the Labor Department, was to make it easier for employers...
ICI Welcomes SEC Vote on Mutual Funds’ Use Of Interactive Data Format Washington, DC, June 21, 2007 – Investment Company Institute President Paul Schott Stevens issued the following statement in response to the Securities and Exchange Commission’s decision to permit mutual funds to...
ICI Welcomes SEC Scrutiny of Rule 12b-1 Washington, DC, June 19, 2007 – Paul Schott Stevens, president of the Investment Company Institute, issued the following statement in response to the Securities and Exchange Commission’s Roundtable on Rule 12b-1: “We welcome the thoughtful...
Costs Continue to Fall for Mutual Fund Investors Fees and Expenses in 2006 Fell to Lowest Levels in More Than A Quarter Century Washington, DC, June 19, 2007 - The cost of owning mutual fund shares continued to decline last year, to the lowest levels in more than a quarter century...
ICI Welcomes SEC Chairman Cox’s Call for Congressional Review of Soft Dollars Washington, DC, May 31, 2007 - Investment Company Institute President Paul Schott Stevens today issued the following statement in response to SEC Chairman Christopher Cox’s letter to Senate Banking Committee...
Board of Governors Working Group Releases Report on Rule 12b-1 Washington, DC, May 31, 2007 - In January 2005, ICI's Board of Governors formed a working group to examine fund distribution issues, including the history and current role of Rule 12b-1. The working group submitted a...
ICI Chairman Flanagan Calls for Improved 401(k) Disclosure Speaks at Association’s 49th General Membership Meeting Washington, DC, May 10, 2007 - Investors in 401(k) plans deserve better disclosure than they currently get, and the mutual fund industry is working to see that they get...
ICI Applauds ERISA Advisory Council’s Report on Disclosure Washington, DC, May 9, 2007 - Institute President Paul Schott Stevens today issued the following statement on the recent release of the ERISA Advisory Council report on disclosure for defined-contribution retirement plans...
