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 |
|
Monday, December 6, 2010 Is the DoL's Target Date Proposal 'Cosmetic?' Fundsters interested in the target date side of the business may want to take a look at Chuck Jaffe's latest column. Yesterday in MarketWatch, Jaffe argued that the new target date disclosure regulations just proposed by the Department of Labor (see The MFWire, 11/30/2010) don't go far enough in helping retirement plan participants understand their target date funds. "The Labor Department is settling for cosmetic change," Jaffe wrote. In Jaffe's eyes, the proposal doesn't address the key question of whether or not a given target date fund is a "to" fund (that eventually shifts to its final, most conservative allocation at the target date, the time when participants using it are supposed to retire) or a "through" fund (that continues to shift its allocation after the target date). Patrick Cunningham, CEO of target date mutual fund manager Manning & Napier, weighed in for the article. Printed from: MFWire.com/story.asp?s=35310 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |