Related self-dealing claims made against other national financial services providers by participants in their own retirement plans have met varying degrees of success. A new Employee Retirement Income ...

Principal prevailed in a lawsuit that alleged it set the crediting rate for a guaranteed investment contract (GIC) such that it could “retain unreasonably large and/or excessive profits.” Following a ...

Principal Financial Group(R) launched the Principal Guaranteed Option (PGO), a new addition to its suite of fixed income investment options focused on capital preservation and return. The Principal ...

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group ® launched My Principal Lifestyle, a fitness and lifestyle app that rewards insurance customers for activities that contribute to a healthy ...

A U.S. District Court judge in Des Moines, Iowa, ruled in favor of Principal Life Insurance Co., which had been accused of violating its ERISA duties in the way it calculated and managed a group ...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A+ ...

~ Pension risk transfer agreement provides guaranteed lifetime income for approximately 11,000 retirees, beneficiaries and deferred participants ~ “MetLife is pleased Philips entrusted us, along with ...

A St. Louis federal appeals court has revived a lawsuit against Principal Life Insurance Co., part of Principal Financial Group, filed by a former 401(k) plan participant who alleged that Principal ...

Silver Creek Development has sealed $57.9 million of high-leveraged construction financing to build a multifamily development in Tempe, Ariz. near Arizona State University (ASU), Commercial Observer ...

Principal is ending some of its retail business after an activist investor called for a review of all of the company's operations. The Des Moines-based financial services company announced Monday that ...

Principal Life Insurance Company has provided $42 million for a mixed-use development with affordable housing located across the street from the massive Sony Pictures Entertainment campus in Los ...

Des Moines-based Principal Life Insurance Co. will pay $6 million in a settlement with New York's financial regulator for failing to tell customers whether their new investments would end up costing ...