News Release Content

ICI Praises New Legislation to Curb Frivolous Lawsuits Against Mutual Fund Advisers Washington, DC; September 9, 2020—Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement after introduction of H.R. 8188, the Mutual Fund Litigation...

Retirement Savers Maintain Commitment Despite COVID-19 Economic Downturn Recordkeeper data covering first half of 2020 show only slight increase in withdrawal activity Washington, DC; August 19, 2020—Americans continued to save for retirement through defined contribution (DC) plans...

BrightScope/ICI Data Indicate Plan Sponsors Design 401(k) Plans to Engage Participants Plan costs also have trended down over time Washington, DC; August 18, 2020—401(k) plan sponsors typically offer employer contributions, often in combination with the availability of plan loans, to...

ICI Welcomes Senate Confirmation of Crenshaw and Peirce as SEC Commissioners Washington, DC; August 7, 2020— Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement after the US Senate confirmed Caroline Crenshaw to serve as a...

ICI Praises Introduction of Bipartisan Bill to Help US Mutual Funds Compete Internationally Washington, DC; July 27, 2020—Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following statement after US Representatives Danny Davis (D-IL), Kenny Marchant...

Equity and Hybrid Mutual Fund Expense Ratios in 401(k) Plans Continued Downward Trend in 2019 Washington, DC; July 27, 2020—The cost of investing in equity and hybrid mutual funds through 401(k) plans fell again in 2019, according to “ The Economics of Providing 401(k) Plans: Services...

Institute and its members seek to promote greater public understanding of ESG investing and encourage the use of consistent terminology Washington, DC; July 23, 2020—The Board of Governors of the Investment Company Institute (ICI) unanimously endorsed Funds’ Use of ESG Integration and...

ICI: SEC’s Fair Value Proposal Improves and Modernizes Current Regulatory Framework Modifications Needed to Reflect Funds’ Practices Washington, DC; July 16, 2020—The proposed fair value rule from the Securities and Exchange Commission (SEC) replaces a patchwork of guidance and...

IDC Commends SEC’s Fair Valuation Framework and Recommends Modifications to Prescriptive Elements Washington, DC; July 16, 2020—The fair valuation proposal issued by the Securities and Exchange Commission (SEC) provides welcome clarity on the oversight role of fund directors, said the...

ICI Welcomes Labor Department’s Fiduciary Proposal Washington, DC; June 30, 2020—Investment Company Institute President and CEO Paul Schott Stevens issued the following statement after the Department of Labor (DOL) released its proposed new class exemption, Improving Investment Advice...