SEC Chairman Mary Schapiro continued her promises to aid investors in a speech at the Mutual Fund Directors Forum conference in Washington.
Among other issues, Schapiro said the SEC is examining target date funds’ disclosure about their glide paths and asset allocations.
“The staff also is examining whether the same target date funds underlie both retirement and college savings plans,” Schapiro said. “The staff has been working closely with the Department of Labor in light of target date funds’ prevalence in participant-directed retirement funds. This important issue has also been an area of focus for Chairman Kohl and the Senate Special Committee on Aging.”