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ICI Applauds SEC Proposal to Simplify and Strengthen Mutual Fund Disclosure Washington, DC, November 15, 2007 - Investment Company Institute President Paul Schott Stevens today issued the following statement applauding the Securities and Exchange Commission’s landmark proposal to...

Almost Half of U.S. Households Own Mutual Funds Annual ICI Study Shows Steady Ownership, Growing Role of Retirement Plans Washington, DC, November 14, 2007 - Almost 51 million American households own mutual funds in 2007, the Investment Company Institute reported today. That is about...

  Fund Boards Increase Commitment to Shareholders Independent Directors Dominate Most Fund Boards ICI and IDC Overview Tracks Evolution of Board Practices Washington, DC, November 8, 2007 - Over the last decade, fund boards have increasingly and steadily strengthened their oversight...

ICI President Calls for Effective 401(k) Disclosure Reforms Should Foster Clear Information, Competition Among Providers, Stevens Testifies Washington, DC, October 30, 2007 - ICI President and CEO Paul Schott Stevens, in testimony before the House Ways and Means Committee, said that...

ICI President Applauds Labor Department's QDIA Decision Workers Will Benefit from Sound Default Investment Options Washington, DC, October 23, 2007 - ICI President and CEO Paul Schott Stevens issued the following statement in response to the Department of Labor's final regulation on...

U.S. Retirement Assets Hit $16.6 Trillion in First Quarter ICI Launches New Series of Quarterly Updates for Americans’ Savings Washington, DC, October 18, 2007 – Americans’ assets for retirement rose to a record $16.6 trillion as of March 30, 2007, according to a new statistical...

ICI Elects John Murphy Chairman New Members Named to Board of Investment Company Institute Washington, DC, October 9, 2007 - The Investment Company Institute's Board of Governors has elected John V. Murphy to serve as Chairman of the Institute for a one-year term. The Board also...

ICI Appoints John Sabelhaus as Senior Economist An Expert on Retirement and Modeling, He Will Conduct Investor Research Washington, DC, October 4, 2007 - John Sabelhaus, an economist with extensive experience in government and academia, has been named senior economist at the...

ICI Endorses Broader Shareholder Access to Proxy Changes Will Benefit Long-Term, Committed Investors, Mutual Fund Group Says Washington, DC, September 27, 2007 -  Mutual funds and their shareholders can benefit from a Securities and Exchange Commission proposal to grant long-term...

401(k) Participants Hold Lower-Cost Funds New ICI Research Suggests Employers and Workers Are Sensitive to Fees Washington, DC, September 25, 2007 - Employers and workers in 401(k) retirement savings plans tend to select lower-cost mutual funds with below-average turnover, according...