ICI Encourages Participation in “America Saves Week” Data Highlight Role of Mutual Funds in Savers’ Planning Washington, DC, February 24, 2014 - To mark the 2014 national “ America Saves Week,” the Investment Company Institute (ICI) is encouraging Americans to assess their personal...
Questions are swirling as the 1 July 2014 effective date for the US Foreign Account Tax Compliance Act (FATCA) draws closer. US officials remain adamant that another implementation extension, similar to earlier extensions, will not be given. Against this backdrop, many funds in the...
Second in a series of posts about ICI’s new data release, a monthly compilation and summary of portfolio data from taxable money market funds. To find out more, read the first post about the new data summary or this list of answers to frequently asked questions . The SEC’s 2010 money...
Initiative to Reduce Systemic, Operational Risks Could Benefit Investors Washington, DC, February 18, 2014 - The Board of Governors of the Investment Company Institute has endorsed unanimously an industry initiative led by The Depository Trust & Clearing Corporation (DTCC) to shorten...
By developing a global standard for collecting customer information from financial institutions and exchanging that information between governmental taxing authorities worldwide, the Organisation for Economic Co-operation and Development (OECD) has taken an important step to enhance...
ICI Defined Contribution Plan Recordkeeper Data Show Continued Commitment to Retirement Saving Washington, DC, February 6, 2014 - Americans’ commitment to saving for retirement remained strong in the first three quarters of 2013, according to ICI’s latest study of retirement plan...
Americans View Defined Contribution Retirement Accounts Favorably Households Appreciate Core Features and Current Tax Treatment Washington, DC, January 29, 2014 - Nearly two-thirds of U.S. households view defined contribution (DC) retirement accounts favorably, according to results...
ICI Comment on President Obama’s Retirement Savings Remarks in the State of the Union Address Washington, DC, January 28, 2014 – The Investment Company Institute (ICI) made the following statement today about the retirement savings offering, called “myRA,” announced by President Obama...
Many financial intermediaries—such as broker-dealers, financial advisers, and retirement plan recordkeepers—provide services to fund shareholders and maintain customer account information on their own recordkeeping systems. Fund sponsors, in turn, want to ensure that intermediaries...
ICI Releases Updated Framework for Fund Industry Intermediary Oversight Washington, DC, January 24, 2014 - The Investment Company Institute (ICI) has released an update to the Financial Intermediary Controls and Compliance Assessment (FICCA) framework to assist mutual funds with the...
