Labor Ought to Execute the President’s Policy (As published in The Wall Street Journal, April 25, 2017) Regrettably, the Department of Labor’s fiduciary rule-making has always been driven more by politics than impartial scrutiny of the investment-advice marketplace (“ Labor Department...
ICI Analysis Shows Americans Maintain or Increase Spendable Income After Claiming Social Security Nearly 90 Percent Hold or Have Income from Employer Retirement Plans, Annuities, or IRAs Washington, DC, April 19, 2017–Most American workers maintain or increase their spendable income...
ICI: DOL Must Rescind or Revise Fiduciary Rule to Protect Retirement Savers Immediate Further Delay of Rule Implementation Is Needed to Avert Serious Market Disruption, Harm to Retirement Savers Washington, DC, April 18, 2017—The Department of Labor (DOL)—in carrying out its...
For T+2, It’s All Systems Go By Michael Bodson, Kenneth E. Bentsen Jr., and Paul Schott Stevens (As published in Traders Magazine Online News , April 14, 2017) US market participants and investors have reason to cheer, as the Securities and Exchange Commission (SEC) adopted a rule...
What if you were given the task of designing a retirement system from scratch? In a recent paper, New York University law professor David Kamin proposes a retirement system that combines a mandatory savings floor with tax incentives to encourage savings above the mandated minimum. He...
SEC Chair Nominee Can Champion the Critical Role of Investment Funds By Paul Schott Stevens (As published on TheHill.com, April 4, 2017) Despite a steady decline in unemployment, growth in gross domestic product (GDP) remains sluggish—dramatically sluggish by comparison to other...
ICI Welcomes Delay of Fiduciary Rule, Urges Additional Delay to Avoid Market Disruption and Harm to Investors Washington, DC, April 4, 2017— Today, the Department of Labor (DOL) adopted a rule delaying the applicability date of the agency’s fiduciary rule by 60 days. At the same time...
ICI Education Foundation Advocates for Investor Education During Financial Literacy Month Capitol Hill Financial Literacy Day to Feature ICIEF Educational Display Washington, DC, April 3, 2017—The Investment Company Institute Education Foundation (ICIEF) is showcasing ways to develop...
Among the eighth graders who walked into Junior Achievement’s Finance Park were an aspiring filmmaker, a model, and a sports agent. But for their daylong budgeting simulation—where each student is assigned an age, family, debt, credit score, job, and salary—they would transform into...
ICI Applauds Senate Vote to Restore Consumer Protections for Proposed Municipal-Run Retirement Plans Washington, DC, March 30, 2017— Investment Company Institute (ICI) President and CEO Paul Schott Stevens made the following statement applauding the US Senate passage of H.J.Res. 67...
