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ICI Strongly Supports SEC’s Summary Prospectus Concept Proposed System Could Offer Better, Simpler Disclosure for Fund Investors Washington, DC, February 28, 2008 - The Investment Company Institute today expressed strong support for the Securities and Exchange Commission's proposal to...

ICI Congratulates Vanguard's Brennan on Record of Outstanding Leadership Washington, DC, February 22, 2008 - ICI President & CEO Paul Schott Stevens today issued the following statement in praise of Vanguard Chairman and CEO John J. Brennan upon announcement of the firm's succession...

IRA Investors Plan Retirement Income Carefully Most IRA-Owning Households Guard Nest Egg, Defer Withdrawals Washington, DC, January 28, 2008 – Most owners of Individual Retirement Accounts (IRAs) have a strategy for managing their income and assets in retirement and tend to preserve...

Media Advisory: Reporting on Money Market Mutual Funds In recent months, press accounts have erroneously described certain investment pools or cash-management vehicles—such as the Florida Local Government Pool—as “money market funds,” “like money market funds,” and “essentially money...

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Retirement Assets Reach $17.4 Trillion in Second Quarter IRAs and Defined Contribution Plans Are Fastest Growing Components Washington, DC, December 13, 2007 - Americans’ retirement savings grew in the second quarter of 2007 to $17.4 trillion, accounting for nearly 40 percent of all...

ICI Welcomes Labor Department’s Proposal on Retirement Plan Disclosure Washington, DC, December 13, 2007 - The Investment Company Institute today issued a statement welcoming the Department of Labor’s proposed rule that would require service providers to disclose to fiduciaries of 401...

401(k) Participation Is Vital for Retirement Security GAO Report Highlights Need to Make Plans Accessible Washington, DC, December 11, 2007 – The Investment Company Institute issued the following statement on the release of the Government Accountability Office’s report, Low Defined...

ICI Supports Labor Department’s Reform of Retirement Plan Disclosure Washington, DC, November 27, 2007 - The Investment Company Institute today issued a statement supporting the Department of Labor’s rule changes to improve the disclosures that benefit plans, including retirement...

Department of Labor Releases Revisions to Benefit Plan Disclosure Form Washington, DC, November 26, 2007 - The U.S. Department of Labor has released final revisions to Form 5500, a document used by employee benefit plans to file the annual report required by ERISA and the Internal...