Alert May 04, 2010

Independent Directors Council Issues Paper on Board Oversight of Target Date Funds

The Independent Directors Council (IDC) issued a paper designed to assist the directors of target date and lifecycle funds with their oversight responsibilities.  The paper focuses primarily on potential areas of inquiry for target date fund boards, including (i) portfolio performance, (ii) advisory fees and their approval and (iii) disclosure and distribution.  The IDC paper is available along with other materials on target date/lifecycle funds at the Target Retirement Date Funds Resource Center maintained by the Investment Company Institute.