Testimony Content

ICI submitted a statement to the ERISA Advisory Council on the topic "Qualified Default Investment Alternatives (QDIAs)—Start to Finish, Default to Payout," in connection with its October 22, 2024, meeting. The Council's focus is on the effectiveness of QDIAs in both the accumulation...

On Tuesday the State of Maine introduced a bill that would, among other things, change the securities escheatment trigger under the Maine Revised Unclaimed Property Act from returned mail to inactivity. Fidelity alerted us to this bill on Friday afternoon. The bill was fast-tracked...

ICI is pleased to provide this statement regarding the US Department of Labor’s (“Department”) fiduciary proposal, for the hearing “Protecting American Savers and Retirees from DOL’s Regulatory Overreach” in the Subcommittee on Health, Employment, Labor, and Pensions of the House...

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...