Trump considers order to open US retirement plans to private equity

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The story "Trump considers order to open US retirement plans to private equity" was covered 15 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 15h ago

Trump considers order to open US retirement plans to private equity - Financial Times

Quick Summary:

Top industry executives predict that offering their funds to 401k retirement plans could attract hundreds of billions of dollars in new industry assets.

Trump opened the door for private capital access to American retirement savings in his first term, but few firms have moved ahead with the offering out of concern for liability risk.

In the final months of Trump’s first presidency, the Department of Labor issued a policy allowing private equity investments to be a part of certain retirement-oriented funds with long investment horizons.