As the House and Senate reconcile their differing versions of tax reform, one provision from the Senate’s bill should be deleted immediately. Tax reform must not impose an accounting system known as “first-in, first-out” (FIFO) that would deprive America’s investors of their long...
IRA-Owning Households Access IRAs Through a Full Range of Financial Services Firms Breadth of Options for Investors Speaks to IRAs’ Strength and Flexibility Washington, DC, December 4, 2017—More than one-third of US households indicated they owned individual retirement accounts (IRAs)...
ICI Names Susan M. Olson General Counsel Washington, DC, November 28, 2017—The Investment Company Institute has named Susan M. Olson as its general counsel. Since 2014, Olson has served as chief counsel of ICI Global, the Institute’s international program. She joined ICI as senior...
London, 24 November 2017— ICI Global Managing Director Dan Waters issued the following statement supporting a newly released report with recommendations designed to foster growth of the European Union’s (EU’s) corporate bond market. The report was prepared for the European Commission...
ICI Defined Contribution Plan Recordkeeper Data Show Ongoing Commitment to Retirement Saving Washington, DC, November 21, 2017—Americans continued to save for retirement through defined contribution (DC) plans during the first half of this year, according to ICI’s “Defined...
ICI Welcomes Treasury Report on FSOC SIFI Designation Process Washington, DC, November 17, 2017— ICI President and CEO Paul Schott Stevens today issued the following statement in response to the Department of the Treasury report on the Financial Stability Oversight Council (FSOC)...
In recent years, the workload for boards of US regulated funds has grown heavier and more complex—owing in part to the fund industry’s growth and evolution, but due largely to a raft of new responsibilities established in Securities and Exchange Commission (SEC) rulemakings and other...
This letter by ICI Chairman Ted Truscott was released in our 2017 Annual Report to Members. Every day, I’m reminded that each of us in the fund industry is driven to deliver ever-greater value for our fees and keep improving service to fund shareholders. Investors are demanding more...
ICI Applauds Introduction of the “Expanding Investment Opportunities Act” Legislation Would Help Closed-End Funds Better Realize Their Potential to Fund the US Economy Washington, DC, November 8, 2017— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the...
