Financial Stability Oversight Council Nonbank Designations Statement of Paul Schott Stevens President and CEO Investment Company Institute US Senate Committee on Banking, Housing, and Urban Affairs March 14, 2019 Washington, DC As prepared for delivery. Thank you, Chairman Crapo...
ICI President and CEO Paul Schott Stevens testified before the US Senate Committee on Banking, Housing, and Urban Affairs today at a hearing examining Financial Stability Oversight Council (FSOC) designations of nonbank financial companies as systemically important financial...
ICI President and CEO Paul Schott Stevens issued the following statement after today’s actions by the Financial Stability Oversight Council (FSOC), which would implement significant changes to the treatment of potential systemic risks among nonbank financial companies: “We welcome the...
ICI Welcomes SEC Amendments to Address Cybersecurity Concerns and Protect Sensitive Data in Form N-PORT Filings Washington, DC; February 28, 2019—Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement after the US Securities and...
In a letter to the Wall Street Journal responding to “Forget the 401(k),” published February 11, ICI President and CEO Paul Schott Stevens shows how the US retirement system actively engages employers to promote workers' retirement saving, noting that the current system also preserves...
ICI, ICIEF Support “America Saves Week” to Promote Financial Literacy and Planning Washington, DC; February 25, 2019—The Investment Company Institute (ICI) and the ICI Education Foundation (ICIEF) today heralded the start of “ America Saves Week 2019,” an annual campaign that...
ICI Defined Contribution Plan Recordkeeper Data Show Continued Commitment to Retirement Saving Washington, DC; February 21, 2019—Defined contribution (DC) plan participants generally kept contributing to their retirement savings during the first three quarters of last year, according...
As this Valentine’s Day approaches, step back and consider treating yourself or your spouse to an individual retirement account (IRA) contribution. Saving for retirement is an important household financial goal and contributing to an IRA is a good step toward providing for those later...
Americans Want to Preserve Defined Contribution Plan Features Savers Value Design and Structure of Defined Contribution Plans Washington, DC; February 7, 2019–More than three-quarters of Americans expressed confidence in the ability of 401(k)s and other defined contribution (DC)...
