IDC’s Fund Directors Conference is always an important event for the fund director community, but this year’s gathering will take on special meaning. On October 21–23 in Chicago, we’ll mark 15 years of supporting fund directors’ work on behalf of fund shareholders—by taking stock of...
European Union UCITS Costs Have Declined Steadily New analysis tracks trend in average ongoing charges London, 23 September 2019—The average ongoing charges for both equity and fixed-income UCITS fell by approximately 20 basis points between 2013 and 2018, according to “ Ongoing...
After the global financial crisis, the Dodd-Frank Act of 2010 set up a regulatory framework to identify and mitigate threats to financial stability. Since then, regulators and industry have taken many actions to make financial markets and market participants more resilient. Yet a new...
Labor Day 2019 marked the 45th birthday of the individual retirement account (IRA). When the Employee Retirement Income Security Act was signed into law on September 2, 1974, it introduced bold steps to safeguard Americans’ employer-sponsored pensions and created the IRA. Forty-five...
In the past year, regulators have expressed concerns that regulated funds with a mandate to invest in investment grade corporate bonds might pose risks to financial stability. A case in point is the Bank for International Settlements’ (BIS) March 2019 Quarterly Review. The only way...
401(k) Plans Continue to Offer Millions of Workers a Reliable Way to Save for Retirement National 401(k) Day Reminds Workers to Plan and Commit to Saving Washington, DC; September 6, 2019—The Investment Company Institute (ICI) is celebrating National 401(k) Day this week by...
For 30 years, the ICI Education Foundation has pursued its mission to advance investor education by developing, delivering, and promoting investor education to diverse audiences across a range of ages and life stages. As we kick off our celebration of the foundation’s 30th anniversary...
ICI Names Thomas T. Kim Managing Director of IDC Washington, DC; August 28, 2019—The Investment Company Institute (ICI) has named Thomas T. Kim as managing director of the Independent Directors Council (IDC). Kim takes the lead at IDC in its 15th anniversary year, succeeding Amy B. R...
In a letter to MarketWatch responding to “Opinion: This Recent Report Suggests Steady Saving for Retirement Is Not Important,” published August 14, ICI Senior Economic Adviser Peter Brady refutes claims that criticize ICI’s recent retirement research, noting that more people benefit...
Individual retirement accounts (IRAs) represent the largest share of assets in the US retirement market, with assets totaling $8.7 trillion at year-end 2018. Forty-six percent of this total is held in mutual funds, with IRA mutual fund investors primarily invested in equity funds. As...
