U.S. securities regulators will seek public comment on a proposal requiring "target date" funds to give certain illustrations to help investors understand investment risks and how their portfolio holdings will change as they near retirement. Securities and Exchange Commission Chair Mary Jo White disclosed the agency's plans on Friday during a meeting at SEC headquarters before an advisory panel that had recommended the target date fund reforms earlier this year. "In recent months, the experts in our Investment Management Division have considered your recommendation and have indicated that they believe it would be useful for us to request additional comment," White told the SEC's Investor Advisory Committee, which makes policy suggestions to the agency. "I agree with the division. It would be useful," she added, noting that other SEC commissioners also agree. Target date funds are a popular retirement vehicle that invest in a mix of stocks and fixed-income securities. The portfolio's
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