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An Open Letter to the SEC and DOL: Please Clarify Who Is the 'Client' in Target Date Funds (PDF)
Target Date Solutions 
[Opinion] Dec. 28, 2018 "TDFs have become riskier since 2008 ... [P]roposed prudence standards [would] require consultants to hold client best interests above their own, but it depends on your definition of 'client.' ... Please make it clear that TDF beneficiaries are the 'clients.' These clients want to be protected from investment losses as they near retirement and they think they are being protected, but they are not." MORE >> |
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