Alert May 18, 2010

SEC and DOL Issue Joint Investor Bulletin on Target Date Retirement Funds

The SEC and DOL have issued a joint bulletin designed to provide basic information for investors about target date retirement funds.  In 2009, target date funds were the subject of a joint hearing by the SEC and DOL and congressional testimony by SEC Chairman Mary L. Schapiro and Andrew J. Donohue, Director of the SEC's Division of Investment Management.