SEC Aims To Clear Up Confusion Over Target Date Funds

Law360, New York (April 4, 2012, 8:15 PM EDT) -- The U.S. Securities and Exchange Commission is moving forward on a new rule that would require more disclosure in target date retirement funds after an SEC-commissioned survey revealed significant investor misunderstanding of the funds, the agency announced Wednesday.

The commission will ask for public comments on the study results for 45 days before implementing a new rule based on a proposal it issued in 2010 aimed at making the provisions of TDFs easier to understand.

The SEC-sponsored survey, conducted by research firm Siegel & Gale LLC,...
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