PANews reported on May 25 that according to Bloomberg, State Street Bank plans to promote the inclusion of ETFs in the US 401(k) retirement system. Anna Paglia, Chief Business Officer of State Street Bank, said in an interview that State Street Bank is working closely with regulators, investors and plan sponsors to overcome technical and regulatory barriers and allow ETFs to enter 401(k) plans. She believes that ETFs can play an important role in pension investment portfolios, although the current 401(k) system mainly relies on mutual funds.