Employer plans and individual retirement accounts (IRAs) are an important source of income for all but the lowest-income retirees. Either directly or through a spouse, more than 70 percent of Americans over age 70 receive income from retirement plans. That share increases rapidly with...
Recent comparisons between the fees of US mutual funds and European UCITS funds rightfully acknowledge key structural differences between the two markets but don’t change the reality that the asset-weighted average cost of US mutual funds is significantly lower than that of UCITS...
VIEW AS PDF In late November 2024, the Bank of England published the results of its first system-wide exploratory scenario (SWES) exercise—a year-long effort to model how various financial entities, including non-bank financial intermediaries (NBFIs) and banks, would respond to a...
Teachers, nurses, and millions of other public education and nonprofit workers are being denied the full range of retirement investment options that the private sector enjoys. In some cases, the exclusion can cost these workers in higher fees over time, lessening their ability to...
ICI President & CEO Eric J. Pan and Allspring Global Investments President Kate Burke in conversation at day one of 2025 ICI Innovate. At ICI’s second annual Innovate conference, artificial intelligence (AI), new technologies, and digital assets dominated the panel sessions...
VIEW AS PDF In response to pandemic-induced stress in money markets three years earlier, the Securities and Exchange Commission (SEC) adopted rule amendments in July 2023 that required significant...
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...
Investment fraud is on the rise as scammers devise ever more sophisticated schemes that harm individual investors. Due to artificial intelligence (AI), these scams are getting easier to perpetrate and harder to spot. As International Fraud Awareness Week draws to a close, ICI is...
Key Insights: The fund proxy voting system is costly and hampers fund governance and the investor experience. Smaller fund complexes are often disproportionately impacted by the burdens of proxy campaigns. The Securities and Exchange Commission (SEC) can greatly improve the fund proxy...
More American retirees get income from retirement plans today than ever before. In combination with Social Security benefits, this income helps most maintain their standard of living as they transition into retirement. These facts may come as a surprise to many given the steady stream...
