News Release Content

ICI Welcomes SEC Chairman Cox’s Call for Congressional Review of Soft Dollars Washington, DC, May 31, 2007 - Investment Company Institute President Paul Schott Stevens today issued the following statement in response to SEC Chairman Christopher Cox’s letter to Senate Banking Committee...

Board of Governors Working Group Releases Report on Rule 12b-1 Washington, DC, May 31, 2007 - In January 2005, ICI's Board of Governors formed a working group to examine fund distribution issues, including the history and current role of Rule 12b-1. The working group submitted  a...

ICI Chairman Flanagan Calls for Improved 401(k) Disclosure Speaks at Association’s 49th General Membership Meeting Washington, DC, May 10, 2007 - Investors in 401(k) plans deserve better disclosure than they currently get, and the mutual fund industry is working to see that they get...

ICI Applauds ERISA Advisory Council’s Report on Disclosure Washington, DC, May 9, 2007 - Institute President Paul Schott Stevens today issued the following statement on the recent release of the ERISA Advisory Council report on disclosure for defined-contribution retirement plans...

Americans’ Retirement Assets Grew 12 Percent in 2006, ICI Reports Growth in IRA, 401(k) Accounts Helped Propel Assets to $16.4 Trillion Washington, DC, May 7, 2007  – Americans held a record $16.4 trillion in retirement assets at the end of 2006, up $1.7 trillion from the previous...

Mutual Fund Investors Rely on Professional Advice Shareholders Say They Value the Numerous Investment Services Advisers Provide Washington, DC, May 1, 2007 - Many mutual fund investors look to professional financial advisers to provide a wide range of investment and planning services...

ICI General Membership Meeting, One of the Largest Gatherings of the Mutual Fund Industry, Scheduled for May 9-11 SEC Chairman Cox, NASD CEO Schapiro to Address Conference Washington, DC, April 5, 2007 – The Investment Company Institute’s 2007 General Membership Meeting (GMM) will be...

ICI President Calls for Reform of Mutual Fund Disclosure ‘Quick-Start Guide’ Plus Web Access Will Better Inform Investors, Stevens Says Palm Desert, CA, March 26, 2007 – Mutual fund investors could receive better, more useful disclosure of the key information they need if regulators...

Sandy West Named Director of Membership 20-Year ICI Veteran Will Head New Outreach Efforts Washington, DC, March 22, 2007 – The Investment Company Institute has named Sandra J. West to the newly created position of Director of Membership. In that post, she will lead the Institute’s...

ICI Names Sarah Holden to Direct Retirement, Investor Research Newly Created Position Recognizes Mutual Funds’ Role in Retirement Security Washington, DC, March 22, 2007 – The Investment Company Institute has named Sarah A. Holden to the newly created position of Director of...