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Retirement Assets Total $13.4 Trillion in First Quarter Washington, DC, August 10, 2009 - Americans held $13.4 trillion in retirement assets at the end of the first quarter of 2009, accounting for 33 percent of all household financial assets in the United States, the Investment...

401(k) Participants Invested In Low-Cost, Low-Turnover Mutual Funds Washington, DC August 6, 2009 - Low-cost mutual funds with below-average turnover continued to attract 401(k) investors’ assets, according to an annual report by the Investment Company Institute. At year-end 2008...

ICI Supports Bipartisan House Bill That Boosts Investors’ Ability to Meet Their Savings Goals Washington, DC, July 31, 2009 - ICI President and CEO Paul Schott Stevens issued the following statement about a tax bill, H.R. 3429, the Generating Retirement Ownership Through Long-Term...

ICI’s Stevens Calls for Effective Systemic Risk Council Council Would Enlist Expertise, Diverse Views of Core Financial Regulators Washington, DC, July 23, 2009 - Investment Company Institute President and CEO Paul Schott Stevens, in testimony before the U.S. Senate Banking Committee...

ICI Supports Regulatory Reform to Enhance Investor Protections ICI President Recommends a Stronger SEC and an Effective ‘Systemic Risk Council’ Washington, DC, July 17, 2009 - Investment Company Institute President and CEO Paul Schott Stevens, in testimony before the U.S. House...

ICI Commends SEC for Important Step Forward in Addressing Critical Disclosure Needs in Municipal Market Washington, DC, July 15, 2009 - Investment Company Institute President and CEO Paul Schott Stevens issued the following statement in response to the Securities and Exchange...

ICI President and CEO Paul Schott Stevens issued the following statement about the Securities and Exchange Commission’s proposed reforms for money market fund regulation, which the Commission announced today on a unanimous vote

ICI: More Work Needed to Achieve Useful 401(k) Reform Washington, DC, June 24, 2009 - ICI President and CEO Paul Schott Stevens issued the following statement about House Education and Labor Committee action today on a 401(k) disclosure and investment advice bill (H.R. 2989): “For 30...

ICI Proposes Disclosure Principles for Target Date Funds Information Is Designed to Enhance Investor Understanding of Key Retirement Tool Washington, DC, June 18, 2009 - Retirement savers would get a clearer picture of how target date funds operate and the risks and benefits of these...

ICI Welcomes Administration’s Reform Proposals Proposal Offers Framework for Advancing Regulatory Reform Debate Washington, DC, June 17, 2009 - ICI President and CEO Paul Schott Stevens issued the following statement about the proposal for financial services regulatory reform being...