The mutual fund industry's chief lobby group sent a stern message to the Senate last week, urging it to allow fund companies to provide 401(k) investors with advice as part of the pension reform legislation that lawmakers are now considering.

Investment Company Institute (ICI) President Matthew Fink said in a statement that he wants lawmakers to include provisions in a bill authored by Rep. John Boehner [R-Ohio] in the pension reform proposals that lawmakers have been debating in the wake of the financial meltdown of Enron and WorldCom.

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