Big Take

Private Equity Is Coming for Your 401(k)

US President Donald Trump just signed an executive order that aims to allow private equity into a $12 trillion piece of America’s retirement market — 401(k)s. On today’s Big Take podcast, private equity reporter Allison McNeely joins host Sarah Holder to explain what this could mean for the average American’s retirement savings. Read more: <a href="https://www.bloomberg.com/news/articles/2025-08-07/trump-to-sign-order-easing-path-for-private-assets-in-401-k-s?srnd=undefined">Trump Signs Order Easing Path for Private Assets in 401(k)s</a>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.