April 10th, 2019

Principal Announces Acquisition of Wells Fargo Retirement Plans Business Through this acquisition, Principal will double the size of its U.S. retirement business by the number of total recordkeeping assets, while bringing on institutional trust and custody offerings for the non-retirement market. Read more > Inside and Outside Views on Principal’s Wells Fargo Acquisition Principal’s retirement business president offers additional details about the firm’s acquisition of Wells Fargo’s retirement business, while outside analysts reflect on the broader industry implications of two major providers coming together. Read more > Parties in Anthem Fee Suit Get Preliminary Approval of Settlement Anthem has agreed to pay $23.6 million to settle the lawsuit in addition to non-monetary terms. Read more > MOST READ ARTICLES 1 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 2 2023 Retirement Plan Adviser of the Year Finalists 3 Biden’s First Veto Keeps DOL’s ESG Rule in Place 4 Experts Predict Major Growth in Retirement Coverage, Benefits 5 Complying With the Custody Rule and the New Custody Proposal

Parents and Kids Both Influence the Flow of ‘Modern Money’ Shifting attitudes about supporting adult children financially have helped reshape Americans’ thinking about wealth and retirement readiness, according to Ameriprise Financial survey data. Read more > Addressing Participant Longevity With Plan Design and Advice Robert Scheinerman, president, AIG Retirement Services, says smart retirement plan design, access to advisers and passage of pending legislation can help Americans have enough money for a 40-year retirement. Read more > Market Mirror Tuesday, the Dow lost 190.44 points (0.72%) to finish at 26,150.58, the NASDAQ decreased 44.61 points (0.56%) to 7,909.28, and the S&P 500 was down 17.57 points (0.61%) at 2,878.20. The Russell 2000 fell 19.32 points (1.22%) to 1,559.68, and the Wilshire 5000 closed 197.82 points (0.66%) lower at 29,711.08. The price of the 10-year Treasury note was up 7/32, decreasing its yield to 2.504%, and the price of the 30-year Treasury bond increased 8/32, bringing its yield down to 2.916%.

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