LABOR DEPARTMENT: Input due on target date funds
The public has until Jan. 14 to weigh in on a proposed rule affecting target date retirement funds.
The public has until Jan. 14 to weigh in on a proposed rule affecting target date retirement funds. Floated by the Labor Department, the rule would require new disclosures about such mutual funds, including explanations of the investment’s asset allocation, how such allocations would change over time and the significance of the investment’s target date. For more details and information on providing input, click here
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