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November 23, 2011 at 07:00 PM
The Investment Company Institute’s Board of Governors recently determined that the organization should significantly broaden its international engagement and launched ICI Global to fulfill that role. The board also established a new class of institute members, consisting of regulated funds publicly offered to investors in leading jurisdictions worldwide.
ICI Global aims to advance the interest and promote public understanding of global investment funds, their managers, and investors. In coordination with its members, ICI Global will “provide a conduit for proactive dialogue around the policy issues facing global investment funds, as well as a means for collaboration among regional and national fund associations,” the group said in a statement. “Leveraging the Institute’s seven decades of advocacy and expertise, ICI Global will advocate for regulatory policies that promote funds as long-term investment vehicles.”
Also, a recently updated study by the Investment Company Institute finds that most workers who are likely to have the ability to save and to be focused primarily on saving for retirement have access to an employer-provided retirement plan. For example, of full-time workers age 45 to 64 and earning $25,000 a year or more in 2010, 74 percent had access to retirement plans through their own employers or their spouses’ employers, and 93 percent of those with access participated.
