11/20/2015 – BlackRock Warns of ‘Unintended Consequences’ From New Obama Retirement Proposal (The Wall Street Journal)

BlackRock Inc., the world’s largest money manager, is expected to push for broader changes to U.S. retirement law because of concerns about the “unintended consequences” of a new Obama administration plan designed to boost the savings of small business employees.

The suggestions, included in a new policy paper reviewed by The Wall Street Journal, are a response to a new Labor Department proposal that would make it easier for states to set up automatic individual retirement accounts for workers not covered by employer plans. California, Illinois and Oregon already have such efforts under way.

Read the full article in The Wall Street Journal.