To assist financial professionals and their TPAs capture new sales and efficiently manage existing business
Principal Financial Group, a provider of financial and insurance services and products, has upgraded its TPA program (Third Party Administrators) to help financial professionals and their TPAs capture new sales and efficiently manage their existing business.
The upgraded Principal TPA Edge program offers TPAs more choice and flexibility in servicing their clients with improvements to its unbundled service model, pricing and technology platform.
The improvement to the Principal TPA Edge program offers pricing enhancements, dedicated TPA service team, new TPA reporting capabilities, automated services and retirement dashboard.
Jeff Schreiber, vice president of TPA business development at The Principal, said: “We understand TPAs want and need flexibility if they are going to meet the market demand—no matter the client size. We are committed to making it easier for them to choose how they work with us to service their clients. Our extensive experience as a retirement plan leader uniquely positions us to create efficiencies with unbundled services for TPAs that are hard to match in the industry.
“Principal TPA Edge helps financial professionals when they are servicing clients administered by a TPA. Because we value the partnership between financial professionals and TPAs, we are committed to flexibility and continually improving our offering to meet their needs.”