Americans Oppose Initiatives Limiting 401(k) Choices, ICI Says

U.S. investors oppose federal initiatives that would force them to give up control over their 401(k) accounts, the Investment Company Institute said.

Seven in 10 U.S. households object to the idea of the government requiring retirees to convert part of their savings into annuities guaranteeing a steady payment for life, according to an institute-funded report today.

Americans Oppose Initiatives Limiting 401(k) Choices, ICI Says