Fiduciary Issues Content

December 16, 2024—In April 2024, the Department of Labor (DOL) issued a controversial rule intended to broaden the definition of fiduciary advice to cover broker recommendations on individual retirement accounts (IRAs).

April 23, 2024—ICI President and CEO Eric Pan released a statement after the Department of Labor (DOL) released the final rule to amend the regulatory definition of “investment advice fiduciary” under the Employee Retirement Income Security Act (ERISA).

April 12, 2024—When it comes to their investments, Americans enjoy more information, choice, and access to advice than ever before. And the costs of investing have plunged over recent decades, further empowering millions of Americans to achieve a secure retirement.

The Investment Company Institute submitted a comment to the Department of Labor (the “Department”) on their proposed regulation defining who is a “fiduciary” of an employee benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA), or an individual retirement...

January 2, 2024—ICI President and CEO Eric Pan released the following statement regarding the Department of Labor's (DOL) proposed rule updating the definition of an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA).

December 13, 2023÷–ICI strongly supports efforts to promote retirement security for US workers. Our members play a significant role in helping retirement savers by making available the investment products through which pension plans, defined contribution plans and IRAs invest.

ICI Statement for House Hearing on the Department of Labor's Fiduciary Rule (pdf)

Keynote Address 2020 ICI Tax and Accounting Conference (Virtual) Delivering on the Promises We Have Made to Investors Paul Schott Stevens President and CEO Investment Company Institute September 22, 2020 As prepared for delivery. Thank you, Keith [Lawson], both for that introduction...