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State Street's Anna Paglia plans to introduce ETFs into US 401(k) retirement system

According to Odaily, Anna Paglia, chief business officer at State Street Bank, plans to introduce exchange-traded funds (ETFs) into the US 401(k) retirement system. In an interview with Bloomberg TV, Paglia said that State Street is collaborating closely with regulators, investors and planning initiators to overcome technical and regulatory hurdles that may hinder the introduction of ETFs into a 401(k) plan.$BNB