DOL’s Fiduciary Rule: There’s Still Time to Get It Right By David Blass (As published in The Hill’s Congress Blog on August 7, 2015) The intense debate over efforts by the Department of Labor (DOL) to implement a fiduciary standard for investment advice in the retirement market...
Letter to the Editor: A Tax That Would Only Harm (As published in the Washington Post on June 10, 2015) Harold Meyerson was correct when he said in his June 5 op-ed column, “ A Sister Souljah moment,” that the idea of a financial transaction tax is nothing new. But he was wrong to...
The Best Days Lie Ahead By Paul Schott Stevens (As published in Funds Europe , 20 February 2015) During the past two decades, the regulated fund industry has experienced tremendous growth. According to ICI Global research, global assets in mutual funds have increased from $4 trillion...
Better Retirements? Build on the System’s Current Successes By Brian Reid (As published in The Hill’s Congress Blog , September 18, 2014) Providing a secure retirement for America’s workers is a challenge facing us all, as individuals and as a nation. How are we facing that challenge...
Tackling the Common, Complex Problems of Pension Systems By Paul Schott Stevens (As published in IPE Views , 11 July 2014) The pressure on pension systems shows no sign of relenting. Even before the financial crisis, both governmental and employer-based retirement plans were...
Why Designating Funds as SIFIs Could Hurt Retirees By Paul Schott Stevens (As published in American Banker, May 12, 2014) The regulatory drive to designate mutual funds or their managers as systemically important financial institutions increasingly looks like a campaign to extend the...
Letter to the Editor of the Wall Street Journal: The Complexity of Retirement Preparedness Paul Schott Stevens, president and CEO of the Investment Company Institute, submitted the following letter to the editor of the Wall Street Journal: Clearly, savers face challenges in planning...
Are Americans Preparing Adequately for Retirement? By Paul Schott Stevens (As published in The Hill , April 3, 2014) Every day, thousands of Baby Boomers enter retirement, while thousands of members of an equally large generation—the Millennials—enter the workforce. How well the Baby...
Inside View: Putting the Jigsaw Puzzle Together By Qiumei Yang (As published in Funds Global Asia , 20 March 2014) The Asia Pacific region is becoming increasingly influential in, and intertwined with, markets in Europe and the Americas. One of the most-anticipated developments that...
Comment on “Almost 20 Money Market Funds Bailed Out” This story takes old numbers and tries to present them as news. Contrary to its suggestion, US money market funds have not incurred threatening losses since the financial crisis of 2007–2009. At the Investment Company Institute, we...
