News Release Content

ICI: Fund Investors, Economy Will Benefit From Certainty and Lower Tax Rates on Investments Urges Quick House Action on Tax Bill to Ensure Enactment in 2010 Washington, DC, December 15, 2010 - ICI President and CEO Paul Schott Stevens today issued the following statement on the tax...

ICI, IDC File Brief in Case Challenging SEC Proxy Access Rules “One-Size Fits All” Approach Fails to Recognize Unique Governance Structure and Regulation of Investment Companies Washington, DC, December 10, 2010 – The Investment Company Institute (ICI) and Independent Directors...

ICI Government Affairs: Two New Hires; One Promotion New ICI Staff Bring Extensive Legislative, Financial Services and Tax Experience Washington, DC, December 9, 2010 - ICI is pleased to announce two additions to its Government Affairs team: Tonnie Wybensinger as Director, Financial...

ICI Applauds U.S. Senate Approval of Bill to Modernize Mutual Fund Tax Laws Washington, DC, December 9, 2010 - Investment Company Institute president and CEO Paul Schott Stevens made the following statement about recent U.S. Senate approval of H.R. 4337, as amended, a bill designed to...

IRA Ownership Steady, Rollovers Fuel IRA Asset Growth IRA Assets Are a Significant Component of U.S. Retirement Wealth Washington, DC, December 1, 2010 - Americans are accumulating significant resources in individual retirement accounts (IRAs) largely through rollovers from employer...

Average 401(k) Account Balance Among Consistent Participants Rose Nearly 32 Percent in 2009 Loan Activity Also Increased in 2009 Washington, DC, November 22, 2010 - The average 401(k) retirement account rose 31.9 percent in 2009, according to a report released today by the Employee...

Private-Sector Retirement Plans Play Increasingly Important Role Across All Incomes Study Examines Evolution of Retirement Income Since 1974 ERISA Washington, DC, November 18, 2010 - Across all income groups, retirement income from employer-sponsored retirement plans is more prevalent...

Funds Address Changing Mix of Proxy Proposals During Crisis ICI Study Examines 10 Million Fund Proxy Votes from 2007 to 2009 Washington, DC, November 11, 2010 - The 2007–2009 financial crisis altered the mix of proxy proposals that funds must vote on, according to a comprehensive new...

ICI Responds to PWG Report on Money Market Funds Washington, DC, October 21, 2010 - Today, ICI President and CEO Paul Schott Stevens issued the following statement in response to the report by the President’s Working Group on Financial Markets on money market funds: “The President’s...

Retirement Snapshot, Second Quarter 2010 Retirement Assets Down, Loan and Withdrawal Activity Edged up, While Contribution Activity Persisted Washington, DC, October 20, 2010 - A newly released report, The U.S. Retirement Market, Second Quarter 2010, shows that between March 2010 and...