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Rating:DoL Wants Target Date Funds to Show Their Hands Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 30, 2010

DoL Wants Target Date Funds to Show Their Hands

News summary by MFWire's editors

Fundsters interested in target date products may want to take a look at the Department of Labor's new proposal.

Yesterday the DoL's Employee Benefits Security Administration proposed new disclosure requirements for target date funds (in mutual fund structure and otherwise) and other investments seeking qualified default investment alternative (QDIA) status for safe harbor use as default investments inside 401(k) plans. (Here's the proposal.)

The new regulation, if implemented, would require QDIAs to disclose asset allocation, glide path (i.e. how that glide path is expected to change over time) and the meaning of the "target date". For more on the proposal, see our sister publication, The 401kWire, 11/29/2010.

InvestmentNews, National Underwriter, Pensions & Investments, Reuters and RIABiz all covered the news. 

Edited by: Neil Anderson, Managing Editor

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