SEC Proposal on Rules Governing Target Date Funds

On August 23, 2010, CFP Board submitted a comment letter (Missing PDF) in response to the SEC’s comment period on the proposed amendments to rule 482 under the Securities Act of 1933 and rule 34b-1 under the Investment Company Act of 1940, recommending that target date funds’ advertising and marketing materials need to have better disclosure, provide more specific information about their glide path and asset allocation, and include greater descriptions of asset classes.