◀ The Principal Blog

Weathering the Market Volatility Storm; Clear Skies on the Horizon for High Yield



Since the beginning of June, high yield spreads have widened by over 150 basis points (bps). The energy sector is trading above 1,000 bps, blowing past the December wides. And, although the rest of the high yield sectors have held up, no sector has been immune to market volatility. In light of…

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DOL Fiduciary Proposal Subjects Rollover Advice to ERISA Fiduciary Standard of Care



In our previous blog post, we commented that the Department of Labor’s (DOL) fiduciary rule proposal can be viewed as the “ERISA-fication” of Individual Retirement Accounts (IRAs). For example, the DOL’s proposal includes a new proposed exemption called the Best Interest Contract Exemption…

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