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Text of DOL Announcement Reopening Comment Period on Proposed Target Date Disclosure Regs
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
[Official Guidance] June 2, 2014 "[DOL] is reopening the period for public comment on proposed regulatory amendments relating to enhanced disclosure concerning target date or similar investments, originally proposed November 30, 2010 ... In 2013, the [SEC's] Investor Advisory Committee recommended that the Commission develop a glide path illustration for target date funds that is based on a standardized measure of fund risk as a replacement for, or supplement to, an asset allocation glide path illustration. The Department is reopening the comment period on its 2010 proposal, which contained an asset allocation glide path illustration requirement, to seek public comment on this recommendation. Written comments on the proposed regulation ... should be received by the [DOL] no later than [30 days after publication in the Federal Register, which is now scheduled for June 3, 2014]." MORE >> |
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