Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Target Date Fundsters Should Keep an Eye on Senator Kohl Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 29, 2010

Target Date Fundsters Should Keep an Eye on Senator Kohl

News summary by MFWire's editors

Fundsters interested in retirement plans should keep an eye on Senator Herb Kohl (D-Wisconsin). That's one of the takeaways from Steve Butler's newest column in the San Jose Mercury News.

Butler, himself a veteran retirement plan advisor, shares Kohl's skepticism of bundled target date and target risk funds and their cookie cutter approach and use of proprietary component mutual funds. And he offers a good reminder that Kohl is trying to impose a fiduciary standard on target date fund managers (a boost from the current suitability standard), which would force the managers to act only in the best interests of the funds' shareholders.

"The real downside of these funds is that they offer an excuse for 401(k) participants to remain financially clueless," Butler writes. "Any concept heavily promoted by the financial services industry should be immediately suspect." 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use