Sentences with phrase «under fiduciary protection»
Last week, the Department of Labor (DOL) issued a new proposal that would expand the types of retirement investment advice covered under fiduciary protection.
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Plan sponsors using our Fiduciary Investment Services can expect protection from liability arising from third - party claims asserting a failure to exercise the appropriate standard of care under the Employee Retirement Income Security Act of 1974, as amended (ERISA), with respect to the selection and monitoring of the plan's investment lineup.