Wall Street sees a $10 trillion opening as Washington rewrites 401(k) rules
The federal authorities is making ready to redraw the boundaries of America’s retirement accounts. The US Department of Labor has proposed a new rule clarifying how 401(k) fiduciaries (the employer committees legally chargeable for plan funding selections) ought to consider so-called “different” belongings, together with personal fairness, personal credit score, and…digital belongings. The proposal got…
