Displaying 201 results
Consistent participation in 401(k) plans key to account balance growth, study finds
Those who kept contributing accumulated the most, according to the Investment Company Institute and the Employee Benefit Research Institute.
Policy trumps democracy for most lobbyists ahead of midterms
Many trade groups representing financial advisers have donated to at least one lawmaker who objected to certifying the 2020 presidential election.
Why anxious retirees should consider closed-end funds
Closed-end funds have emerged as a potential solution for retirees seeking to smooth out their cash flows and in turn soothe their shaken nerves.
Target-date funds continue to be 401(k) favorites
Participants in their 20s have more than half their retirement plan assets in the funds, a study by ICI and EBRI shows.
Retirement savers stayed the course in 2021 despite pandemic
Only small fractions of workers took withdrawals from or stopped contributing to their company plans last year, according to an Investment Company Institute study.
Despite pandemic, defined-contribution plan participants kept saving in 2021
Through the first three quarters of 2021, only 1.2% stopped contributing to DC plans, ICI data finds.
Fund industry wants lower fees for document delivery
The Investment Company Institute says 25 cents per emailed document is excessive and hurts investors. Broadridge, a fintech firm that sends most proxies and other material to fund shareholders, asserts its system reduces costs for investors.
Why adviser groups won’t completely shun lawmakers who voted to overturn the 2020 election
The Investment Adviser Association isn't giving to the 147 legislators who voted to decertify presidential results. The Investment Company Institute has suspended donations for now. Other groups left the door open.
Increasing retail investor access to private markets gains bipartisan support
Legislation introduced by Reps. Anthony Gonzalez, R-Ohio, and Gregory Meeks, D-N.Y., would lift restrictions on closed-end funds' investments in unregistered securities.
Mandatory ESG disclosures are a political inevitability
The SEC's flurry of activity has drawn concern not only from Capitol Hill Republicans but also the agency’s Republican commissioners, Elad Roisman and Hester Peirce.
Covid didn’t change 401(k) saving habits, ICI says
Just 2.3% of participants in defined-contribution plans stopped contributing to the plan in 2020 amid the pandemic.
Two-thirds of Americans sat tight financially during pandemic
Relatively few people tapped their retirement accounts, but 20% drew on their emergency savings and 18% increased their credit card debt.
ICI says e-delivery of fund documents should be made easier
The trade group files a comment letter with the SEC with suggestions on how to modernize disclosures
SEC approves rule limiting use of derivatives in funds
Agency also seeks comments on whether additional rules are needed to protect investors buying complex products
Investment Company Institute appoints Eric Pan chief executive
Former SEC, CFTC official puts mutual fund disclosure, ESG policy at top of agenda
SEC streamlines process for creation of fund of funds
Under the new rule, most arrangements won't need individual approval
Outspent by Wall Street, investor advocates focus on educating lawmakers on advice issues
One goal is to fortify Democratic opposition to Reg BI
Fund industry tries to clarify types of ESG funds
The Investment Company Institute is leading an effort to come up with definitions of the various approaches to sustainable investing
Money funds holding record assets fret as yields head lower
The funds face the challenge of declining rates as their assets hit $4.77 trillion amid the flight to safety
Trade associations plan to step up political spending in campaign year
The Financial Services Institute and an insurance group are among those varying from their pace in previous cycles
