News Release Content

ICI Testifies in Support of Effective 401(k) Disclosure Plan Sponsors Need Data on Fees, Revenue Sharing, ICI Tells Advisory Panel Washington, DC, September 20, 2007 - The Investment Company Institute today told the Department of Labor's ERISA Advisory Council that effective...

ICI Appoints Karrie McMillan as General Counsel Washington, DC, August 2, 2007 - Karen “Karrie” McMillan, an attorney with extensive governmental and private practice experience in the mutual fund industry, has been named General Counsel of the Investment Company Institute. Ms...

New EBRI/ICI Research: Average 401(k) Account Grew 8.7 Percent Annually over Seven-Year Period Washington, DC, July 31, 2007 - The average account balance among American workers who consistently held 401(k) accounts from 1999 through 2006 increased at an annual rate of 8.7 percent...

ICI President Underscores Importance of Issues Raised in Chairman Miller’s 401(k) Disclosure Bill Washington, DC, July 26, 2007 - Investment Company Institute President Paul Schott Stevens issued the following statement in response to the introduction of legislation on disclosure of...

Retirement Assets Reach Record $16.4 Trillion Now Account for About 40 Percent of Household Financial Assets Washington, DC, July 25, 2007 - The nation's retirement nest eggs reached a record $16.4 trillion in 2006, an 11 percent increase over the prior year and a 55 percent increase...

Twelve Trade Associations Support Improved 401(k) Disclosure in Submission to Labor Department Washington, DC, July 24, 2007 - Twelve associations representing both employers that sponsor retirement savings plans and the financial institutions that provide services to such plans today...

ICI Recommends Refinements to Rule 12b-1 Focus on Improving Investor Understanding and Board Oversight of Fee Stresses Role of Fee in Bringing Choice, Advice, and Other Essential Services to Investors Washington, DC, July 19, 2007 – The Investment Company Institute today made several...

ICI Welcomes SEC Vote on Mutual Funds’ Use Of Interactive Data Format Washington, DC, June 21, 2007 – Investment Company Institute President Paul Schott Stevens issued the following statement in response to the Securities and Exchange Commission’s decision to permit mutual funds to...

Costs Continue to Fall for Mutual Fund Investors Fees and Expenses in 2006 Fell to Lowest Levels in More Than A Quarter Century Washington, DC, June 19, 2007 - The cost of owning mutual fund shares continued to decline last year, to the lowest levels in more than a quarter century...

ICI Welcomes SEC Scrutiny of Rule 12b-1 Washington, DC, June 19, 2007 – Paul Schott Stevens, president of the Investment Company Institute, issued the following statement in response to the Securities and Exchange Commission’s Roundtable on Rule 12b-1: “We welcome the thoughtful...