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As banks moan and groan in preparation for the fiduciary rule, PNC Bank has bit the bullet and whipped out a new service.
The bank will provide fiduciary investment advisory services to 401(k) and other retirement plan sponsors, it announced on Monday. It is part of the bank's "PNC Retirement Solutions" offering, which it has been delivering to the defined contribution industry for 24 years, PNC said.
The bank will provide both non-discretionary and discretionary...