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Reuters is a business news wire like Bloomberg, so the impact on businesses is always included in reports. Additionally, these kinds of moves do have an impact
by alephnerd 10mo ago
Reuters is a business news wire like Bloomberg, so the impact on businesses is always included in reports. Additionally, these kinds of moves do have an impact on various portions of the financial market - from loan underwriting to lending to real estate sales.
Germany also enacted a similar law back in 2008, allowing for the Wohn-Riester, which is basically a 401k but for home purchases or paying off your principal. Allowing a 401k to be used for both retirement and home purchases allows for it to become a unified Riester.