On March 21, 2020, the Treasury Department and Internal Revenue Service (IRS) extended the federal income tax filing due date—also known as Tax Day—for the 2019 tax year. Workers now have until July 15 to prepare their 2019 tax returns, as well as more time to consider options to...
High-Level Forum Report on Capital Markets Union Rightly Focuses on Potential of Retail Investment Washington, DC; 10 June 2020—Patrice Bergé-Vincent, ICI Global managing director, issued the following statement in response to the release of the report from the High-Level Forum on the...
Before COVID-19, the region’s economy already was struggling, with growth of just 0.1 percent in the fourth quarter of 2019. Now, EU policymakers are warning that, unless the pandemic eases rapidly, the European economy could contract by 8 to 12 percent or more.
New Analysis Shows Prior Estimate Vastly Overstates Retirement Plan “Leakage” Washington, DC; June 8, 2020—Previous studies substantially overestimate leakage from retirement accounts, according to new analysis of tax data by Investment Company Institute (ICI) economists Peter Brady...
ICI Applauds SEC Staff Action to Protect Closed-End Fund Shareholders Regulatory change provides funds with a critical tool to fight activist profiteers Washington, DC; May 28, 2020—ICI President and CEO Paul Schott Stevens issued the following statement in response to the US...
ICI Applauds Approval of Labor Department E-Delivery Rule Rule Will Make Disclosures and Communications More Effective and Save Millions for Participants Washington, DC; May 21, 2020—Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following...
ICI Education Foundation Awards Grant to the Maryland Council on Economic Education Grant to fund new teacher training on investor education and personal finance Washington, DC; May 20, 2020—The Investment Company Institute Education Foundation (ICIEF) has awarded a $25,000 grant to...
A recent Washington Post opinion piece paints an inaccurate and misleading picture of the US retirement system by misusing data and making false assumptions. The retirement system is far stronger than portrayed.
ICI Defined Contribution Plan Recordkeeper Data Show Ongoing Commitment to Retirement Saving During COVID-19 Pandemic Washington, DC; May 14, 2020—Americans continued to save for retirement through defined contribution (DC) plans early this year despite uncertain market conditions...
