This ICI Viewpoints is a version of a letter from ICI President and CEO Paul Schott Stevens that was released in the 60th edition of the Investment Company Fact Book.
One thing you can expect when you’re expecting a baby is to pay a lot for diapers—you might pay about $600 by your child’s first birthday. But the cost of diapers is child’s play compared to the costs that could come later when paying for college. To encourage people to save for these...
Tax Data Show High Rate of Retirement Plan Participation Washington, DC, May 4, 2020—A new Investment Company Institute (ICI) analysis shows that 65 percent of workers aged 26 to 64 participated in an employer-sponsored retirement plan in 2017 either directly or through a spouse. The...
ICI Defined Contribution Plan Recordkeeper Data Show Retirement Plan Participants Continued to Save in 2019 Washington, DC, April 30, 2020—The vast majority of defined contribution (DC) plan participants continued contributing to their retirement savings during 2019, according to ICI...
In a recent call with the Financial Stability Board, ICI President and CEO Paul Schott Stevens shared some findings and observations about the response of fund investors to recent developments in financial markets, and the picture that has emerged to date is reassuring. The...
ICI and IDC Welcome SEC’s Efforts to Modernize Framework for Fund Valuation Practices Washington, DC; April 22, 2020— ICI General Counsel Susan Olson and Independent Directors Council Managing Director Thomas Kim issued the following statement today in response to the US Securities...
In a promising new proposal on the use of derivatives, the SEC has consolidated cumbersome regulatory framework into a single, comprehensive rule that is carefully designed to protect investors.
ICI Applauds SEC’s New Derivatives Rule and Recommends Additional Clarifications to Improve Its Effectiveness Washington, DC; April 20, 2020—The Investment Company Institute (ICI) strongly supports the new rule proposal from the Securities and Exchange Commission (SEC) governing funds...
ERISA 403(b) Plans Offer Wide Range of Investment Options New BrightScope/ICI research also shows high employer contribution rate Washington, DC; April 16, 2020—The average large 403(b) plan subject to the Employee Retirement Income Security Act of 1974 (ERISA) offered 25 “core”...
Financial Stability Board COVID-19 Trade Association Call Paul Schott Stevens President and CEO Investment Company Institute April 15, 2020 As prepared for delivery. Thank you for the opportunity to join you. The Investment Company Institute represents regulated funds globally. Our...
