Legal

The U.S. Department of Labor's revamped fiduciary standard will include transactions involving IRA accounts but won't be ready by October, as had been anticipated.

Eastman Kodak Co. has emerged from Chapter 11 bankruptcy with its employee pension plans intact.

The debate is raging from coast to coast, with recent hot spots, Rhode Island, Detroit and California, in the news.

Californias transit workers pensions would be left untouched under a plan submitted by Gov. Jerry Brown to temporarily exempt them from legislative reforms.

The complaint against the bank alleged Flagstar breached its fiduciary duty by allowing its 401(k) plan to invest in its own Flagstar common stock at a time when bank executives knew such an investment was imprudent.

Financial advisors who recognize the opportunity, and stand ready to meet it with advice and service, will be positioned to capture long-term growth.