MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, November 30, 2010 DoL Wants Target Date Funds to Show Their Hands 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. Printed from: MFWire.com/story.asp?s=35261 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |