Why hasn the TSP already placed restrictions on the number of interfund transfers that a participant can make each month?
Before the TSP moved to the daily valued record keeping system, participants were limited to 12 interfund transfers a year — one per month. When we decided to introduce daily valuation, we understood that some participants might trade more frequently. We decided not to limit the interfund transfers unless a problem developed. In the past two years — particularly in the past 6 months, however, the adverse effects of frequent trading have become more pronounced. Because the Federal Retirement Thrift Investment Board has a fiduciary responsibility to all of its participants to keep costs low, the decision was made to put restrictions in place.
Related Questions
- Why hasn the TSP already placed restrictions on the number of interfund transfers that a participant can make each month?
- Why hasn the TSP already placed limits on the number of interfund transfers that a participant can make each month?
- Why is the TSP placing limits on the number of interfund transfers a participant may make each month?
