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Fiduciary Rule Delay Provides Excellent Opportunity to Negotiate Stronger Indemnities
Orrick
May 4, 2017
"This delay, and the confusion swirling around if and when the DOL fiduciary rule will become applicable, is giving plan sponsors a window of time to renegotiate their contractual arrangements with their 401(k) service providers relating to investment advice. This renegotiation should include a review, and a strengthening, of the service provider's indemnification for its fiduciary investment advice."
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