The Bank of England (BoE) recently published a paper detailing results from a simulation intended to “stress-test” open-end investment funds. The paper suggests that under “severe but plausible” assumptions, investors could redeem so heavily from open-end investment funds (e.g...
In this post, the second in a series on how to enchance operational efficiency using existing tools and practices, we look at a real-life example of Retirement Plan Reporting (RPR) in use by brokerage firm Edward Jones.
Exchange-traded funds (ETFs) have been a part of US markets for more than 20 years, and they remain some of the most highly regulated financial products, subject to multiple and sometimes overlapping statutory schemes.
ICI: Investors Will Win If SEC Swiftly Adopts—and DOL Recognizes—Best-Interest Standard for Brokers In Letters to Regulators, ICI Urges Consistent Best-Interest Standard for Brokers Serving Both Retirement and Non-Retirement Accounts Washington, DC, August 8, 2017—The Securities and...
The following ICI Viewpoints is an op-ed by Paul Schott Stevens that was published in InvestmentNews on August 7, 2017. Securities and Exchange Commission (SEC) Chairman Jay Clayton deserves credit for his decisive action inviting public feedback on the standards of conduct for...
ICI Welcomes Senate Confirmation of Christopher Giancarlo as CFTC Chairman Washington, DC, August 3, 2017— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement after the US Senate confirmed J. Christopher Giancarlo as chairman of the...
New Comparison Across Two Generations of 401(k) Savers in Their Twenties Shows Contrast in Asset Allocations Twenty Years of Data in EBRI/ICI Database Permit Novel Analysis Washington, DC, August 3, 2017—The asset allocations of 401(k) retirement plan savers in their twenties at the...
ICI: Tax Data Show More Americans Participate in Retirement Plans, Upsetting Conventional Wisdom Nearly Two-Thirds of Taxpayers Participated in a Retirement Plan Directly, or Through a Spouse; Other Measures Understate Participation Washington, DC, July 26, 2017—An Investment Company...
Urges Immediate Delay and Completion of Rule Changes Within a Year Washington, DC, July 21, 2017—The Department of Labor (DOL) must immediately delay the January 1, 2018, applicability date for the remaining elements of its fiduciary rulemaking to provide needed certainty and reduce...
One of the benefits of mutual funds is that they can be designed to meet the specific needs of investors’ purchasing preferences. However, this same flexibility to tailor a product can present challenges, because it results in a wide variety of operational rules.
