A growing number of investors save for retirement through target date funds (TDFs), according to a new joint report from the Investment Company Institute (ICI) and the Employee Benefit Research Institute (EBRI). The report provides insight into how the use of TDFs varies by 401(k)...
Americans continued to save for retirement through defined contribution (DC) plans during the first half of this year despite ongoing economic stresses brought about by the COVID-19 pandemic.
The Investment Company Institute, which represents the global regulated fund industry, supports SECURE Act 2.0—bipartisan legislation that will help Americans plan and save for retirement, bringing that dream closer to reality—because it contains several commonsense provisions to...
ICI Global Chief Counsel Jennifer Choi offered a summary of ICI's comments on IOSCO's proposed recommendations on sustainability practices and disclosure in asset management.
Closed-end funds provide retail investors with many benefits but have recently come up against some tough challenges. Congress should now come together to pass the Increasing Investor Opportunities Act and help closed-end funds overcome these challenges before them, for the benefit of...
Dr. Erica Elliott Richardson, a strategic public affairs and branding expert, will join ICI on August 16, 2021, to serve as ICI’s chief public communications officer.
ICI President and CEO Eric J. Pan issued the following statement in connection with its filing of comments with the IFRS Foundation regarding creation of an International Sustainability Standards Board.
Employer contributions are prevalent in 401(k) plans, according to an updated study on 401(k) plans from BrightScope and the Investment Company Institute (ICI).
Individual retirement accounts (IRAs) represent the largest share of assets in the US retirement market; forty-five percent of this total is held in mutual funds. Last year, IRA mutual fund investors paid average expense ratios similar to those paid by all mutual fund investors (i.e...
