Principal Financial In A ‘Good Place To Fight From’ As Competitors Scale Up
August 2, 2021 by John Hilton
While in agreement that bigger is better in the retirement plan management world, Principal Financial executives say they feel no pressure to respond to the blockbuster Empower Retirement acquisition.
Empower will acquire Prudential’s defined contribution, defined benefit, non-qualified and rollover IRA business in addition to its stable value and separate account investment products and platforms in a $3.55 billion deal.
Principal executives held a conference call today to discuss its second-quarter financial performance.