White House Weighs Directive to Bring Private Equity to 401(k)s

Advisers to President Donald Trump are considering a new directive to pave the way for private equity to become a bigger piece of US retirement savings, according to people familiar with the matter.

Top officials have been discussing an executive order or presidential memo on the topic, the people said, asking not to be identified as the deliberations are private. The goal is to ease the legal concerns that have kept private equity from most worker 401(k)s for years.

National Economic Council officials and Susie Wiles, Trump’s chief of staff, have been involved in the preliminary conversations, some of ...