WASHINGTON—The Department of Labor and the Securities and Exchange Commission on Thursday issued an investor bulletin on target-date funds to better explain their intended function, glidepaths and appropriate use (see “SEC, DOL to Require More Target-Date Info,” MME 5/3/10).

“But this really is only Phase One,” said Phyllis Borzi, assistant secretary of labor at DOL’s Employee Benefits Security Administration, addressing the Investment Company Institute’s General Membership Meeting here Friday.  “Phase Two will be a checklist for plan sponsors, primarily for use by smaller and mid-size plans.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access