Defined contribution (DC) plans have long been a key component of Americans’ retirement savings. And with more than $5 trillion in assets and about 54 million active participants, 401(k) plans are the most common type.
The following ICI Viewpoints is a letter to the Wall Street Journal by Paul Schott Stevens, president and CEO of the Investment Company Institute, in response to an editorial published on June 22, 2017. In their muddled and inconsistent arguments, the authors of “Index Funds Are Great...
ICI Global Praises European Advances on Pension Savings London, 29 June, 2017— ICI Global Managing Director Dan Waters issued the following response to the European Commission’s adoption of a proposal for structuring a Pan-European Personal Pension (PEPP) product: “A well-structured...
Mutual Fund Fees in 401(k) Plans Continue Downward Trend in 2016 Washington, DC, June 15, 2017—The cost of investing in equity, hybrid, and bond mutual funds through 401(k) plans fell again in 2016, according to a research study that the Investment Company Institute (ICI) released...
ICI Applauds House Passage of the Financial CHOICE Act Urges Senate to Approve Reforms to Avoid Inappropriate, Bank-Like Regulation of Registered Funds Washington, DC, June 8, 2017— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement...
IRAs Succeed in Dual Mission as Contributory and Rollover Savings Vehicles New Data on How Investors Use a Critical Part of the US Retirement System Washington, DC, June 7, 2017—Reports released today from the Investment Company Institute (ICI) shed light on the characteristics and...
ICI Defined Contribution Plan Recordkeeper Data Show Retirement Plan Participants Continued to Save in 2016 Washington, DC, June 6, 2017—Americans continued to save for retirement through defined contribution (DC) plans in 2016 according to ICI’s “Defined Contribution Plan...
Shifts in demographics, regulation, investor preferences, and new product offerings are creating a range of opportunities for the asset management industry. In conversations exploring these evolving trends, industry leaders offered their perspectives on how to succeed in these new...
The challenges of navigating geopolitical developments while operating a global business took center stage during two key sessions at ICI’s 59th General Member Meeting (GMM), held in Washington, DC, from May 3 to 5.
The future of investment advice will lie at the intersection of technology and humanity, said panelists at ICI’s 2017 General Membership Meeting. But those panelists—Eli Broverman, cofounder of Betterment; Kelly Coffey, CEO at JP Morgan’s US Private Bank; and Ben Huneke, head of...
