The Securities and Exchange Commission's Investor Advisory Committee wants the regulatory agency to rewrite a 2010 proposal to require more disclosures to investors about risks and fees in their target-date funds. "In making this change in disclosure, we are actually going to teach investors something really important that most of them don't understand. There is more to risk than asset allocation," said James Glassman, a member of the committee. The committee gave the SEC five recommendations for expanding the plan.

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