Fidelity customers lose 401(k) access. Some call it a ‘mind-boggling’ power grab. But the company says it’s about safety
As a major investment company and financial technology (fintech) platforms fight over access to client retirement accounts, some customers caught in the middle are discovering that the “K” in 401(k) might just stand for “Keep out.” The retirement rumble escalated recently when Fidelity began enforcing a new policy restricting access for third-party financial advisors, and…