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Banking and Finance

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Principal survey: Auto enrollment key to saving earlier for retirement

Despite evidence of the effectiveness of automatic enrollment in helping employees to begin saving earlier for retirement, only one-third of companies with retirement plans offer auto enrollment, according to new research from Principal Financial Group.…
By BUSINESS RECORD STAFF | Jul 15, 2021
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McGill Junge Wealth Management relocates to Clive; open house on July 15

McGill Junge Wealth Management, a Northwestern Mutual Private Client Group, recently moved its office location from Urbandale to 12289 Stratford Drive in Clive. The firm will host an open house event on Thursday from 4 to …
By BPC Staff | Jul 14, 2021
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Learn about Iowa’s finances during town hall event

David Roederer, who retired in January after 10 years as the state’s Department of Management director, will talk about Iowa’s finances during a virtual town hall event sponsored by the Taxpayers Association of Central Iowa. …
By BPC Staff | Jul 13, 2021
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Principal, Edelman Financial Engines partner to expand access to financial advice

Principal Financial Group has selected Edelman Financial Engines, an independent financial planning and investment adviser with more than 150 offices nationwide, to offer personalized retirement advice and financial well-being guidance to select large employers on Principal’s …
By BPC Staff | Jul 9, 2021
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NOTEBOOK – ONE GOOD READ: Older Americans have saved trillions. Now what?

Baby boomers and older Americans have saved trillions of dollars over the past several decades and now they have started handing it out to heirs and others, write Ben Eisen and Anne Tergesen for the Wall …
By KATHY A. BOLTEN | Jul 7, 2021
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Principal increasing shareholder payments amid cuts to insurance, retirement businesses

Des Moines Register: Executives at Des Moines-based Principal Financial expect to increase payments to shareholders as the company sells off some of its traditional lines of business. Company leaders said during a presentation Tuesday that they …
By BPC Staff | Jun 30, 2021
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Principal to exit consumer life insurance, fixed annuities following sweeping strategic review

Principal Financial Group this morning announced significant changes to its product portfolio and capital management strategy, following a comprehensive review of the company’s business mix and capital management options. The strategic review was part of …
By BUSINESS RECORD STAFF | Jun 28, 2021
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Jason Gross joins ManchesterStory Group as vice president

Jason Gross is joining the venture capital firm ManchesterStory Group as vice president and head of platform, the company announced today. Previously the vice president of innovation at EMC Insurance, Gross has more than 20 …
By BPC Staff | Jun 22, 2021
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Greater Iowa Credit Union partners with First Community Trust to expand services

Greater Iowa Credit Union, based in Ankeny, and First Community Trust N.A., based in Dubuque, announced a new partnership to offer trust services, investment management and retirement services to GICU members. First Community Trust’s services include investment …
By BPC Staff | Jun 17, 2021
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Treasury awards $9.9 million to seven Iowa CDFIs through Rapid Response Program

The U.S. Department of the Treasury on Tuesday awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions, including seven CDFIs in Iowa that collectively received $9,917,445. The awards, announced by Vice …
By BUSINESS RECORD STAFF | Jun 16, 2021