Fiduciary Issues Content

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). The rule was stayed indefinitely by the courts in July 2024. That same month, the...

Washington, DC, April 23, 2024—Today, Investment Company Institute (ICI) President and CEO Eric Pan released the following statement after the Department of Labor (DOL) released the final rule to amend the regulatory definition of “investment advice fiduciary” under the Employee...

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. Regrettably, the Department of...

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...

Washington, DC, January 2, 2024—Today, Investment Company Institute (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...

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. As fiduciaries, our...

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...