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...That raises concerns they will lose faith in the long-term value of 401(k) and other retirement savings plans and reduce contributions....
...It means that managers can continue to offer mutual funds to users of retirement schemes such as 401(k) plans, which give equal tax status to ETFs and mutual funds....
...More than half of BlackRock’s $10tn in assets under management are retirement savings, including institutional pension funds, corporate defined contribution plans known as 401(k)s and individual accounts...
...(k)....
...Many recordkeepers still do not offer ETFs in 401(k) accounts because of operational issues. But it is not just ETFs that are taking money from mutual funds....
...“ETFs are generally excluded from the approximately $6.6tn 401(k) marketplace primarily due to technology limitations of 401(k) record-keeping systems,” it said in the filing....
...Instead, employers offered to match their workers’ contributions to a slate of mutual funds inside a tax-advantaged retirement plan, usually known as a 401(k) after the relevant section of the tax code....
...“In the US, everyone I know invests, whether it’s for their kids’ college funds or their 401(k) [pension] top-up . . . in the UK it’s only a minority who call themselves confident investors,” said Olley,...
..., adding that it would solve an “enormous problem” for traditional mutual fund companies with significant assets in retirement plans such as 401(k)s that do not use ETFs....
...Blockchain tracing firm Elliptic discovered that the majority of funds belonging to Ali Shafiu, described as Isis-K’s “apparent representative in the Maldives”, were held in Tether’s USDT....
Plus: ‘Set and forget’ investors stick with target-date funds; hopes of greater diversity as DoL allows private equity in 401(k) plans; it pays to be part of a bigger adviser business — especially during
...Feifei Zheng, partner, and global China practice executive, Pinsent Masons Feifei Zheng created the China compliance team at Pinsent Masons in 2019 to capitalise on the growing interest in corporate compliance...
...The legislation would allow ordinary Americans to more easily allocate their 401(k) contributions towards private equity funds, an asset class previously unavailable....
...In recent months Schroders picked up a stake in the crypto-focused fund manager Forteus while Fidelity announced it would allow investors to add cryptocurrencies to their portfolios in 401(k) retirement...
...I make the most of tax breaks (pensions and Isas for readers in the UK; 401(k) plans and Roth IRAs in the US) which make paper losses slightly easier to bear....
...In May fund manager Fidelity announced it would allow investors to add cryptocurrencies to their portfolios in 401(k) retirement schemes....
...US law discourages employers from putting ESG funds into 401(k) retirement plans....
...Stacy Fuller, partner at K&L Gates, a Pittsburgh-based law firm, said Finra’s definition of “complex” could even extend to closed-end funds — products so vanilla that the US Congress decided they were appropriate...
...While a number of big asset managers offer robo-advisers to retail clients, NextCapital is unusual in that it provides services within 401(k) plans....
...In addition, some investors may hold active funds in tax-deferred accounts such as 401(k)s or IRAs, or be unconcerned about tax....
...(k) pension funds, individual retirement accounts and brokerage accounts....
...Across the Atlantic, regulatory changes have made it possible for so-called mom-and-pop investors to gain access to private equity via their defined contribution pension plans, the 401(k)....
...investments in 401(k) plans....
...Kelly says a move by the US government to allow private equity to be included in 401(k) pension plans — which let individuals choose the assets they hold — should add to demand for training....
...The Department of Labor announced 401(k) plans — the predominant form of defined contribution scheme — were free to access private equity funds....
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