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Lawmakers Respond to SEC Proposed Rules for Target Date Funds
PLANSPONSOR; free registration may be required Link to more items from this source
Aug. 25, 2010

Excerpt: In the letter, [the three Senators] recommended that the SEC both broaden the application of the rule to non-mutual funds and require the inclusion of additional disclosures in marketing materials [and] they urged the SEC, together with the Department of Labor, to remind plan fiduciaries of their duty to prudently select and monitor target-date funds offered to participants in defined contribution pension plans.

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