Target-date funds in retirement plans draw scrutiny from SEC, Labor

03/5/2010 | InvestmentNews (free registration)

Target-date funds will be the subject of a joint consumer alert from the Labor Department and the Securities and Exchange Commission, a source said. The agencies are concerned about how the funds work in retirement plans. Meanwhile, the Labor Department is expected to issue a separate guidance on target-date funds for retirement-plan fiduciaries.

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