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Portfolio > Asset Managers

Principal Develops Defined Benefit Pension Asset Review Program

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NU Online News Service, Nov. 11, 2003, 4:33 p.m. EST – Principal Financial Advisors Inc., an investment advisory unit of Principal Financial Group Inc., Des Moines, Iowa, has introduced the Principal Strategic Asset Review program.

Principal is aiming the review program at sponsors of defined benefit retirement plans with more than $25 million in assets.

The program will review the assets and liabilities of a defined benefit plan, analyze the match between assets and liabilities, come up with an asset-allocation strategy, forecast plan funding and expense information, and develop a plan investment policy.

Principal says it has designed the program so that it can share the work with investment advisors, pension consultants and other intermediaries.

The cost of the asset-liability analysis services usually will be be fixed, and the fee for ongoing investment consulting services will be based on assets, Principal says.


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