Bangalore, April 21, 2015: Principal Retirement Advisors, a part of the US-based Principal Financial Group, has today announced the launch of “RetireSecure” a unique and customized advisory solution for Post-Retirement Planning for Retired / Retiring individuals. The solution helps individuals with accumulated retirement corpus, plan their post retirement finances throughout their retired life in a more systematic and tax efficient manner.
Mr. Rajan Ghotgalkar, Country Head, Principal International-India said,” All of us aspire to a financially secure & independent retirement without having to compromise on lifestyle. However, this is easier said than done. Our savings come under severe stress due to inflation, rising health care costs and higher life expectancy. Moreover, with the collapse of the social promise as a result of nuclear family structures we are on our own. Principal RetireSecure enables those who have retired / about to retire, to make their corpus last through their golden years without having to compromise on their lifestyle.”
Mr Sudipto Roy, Managing Director, Principal Retirement Advisors said, “Forecasting inflation, future trends in expenditure, predicting asset class wise performance & risks etc. is a complex and specialized process. We, at Principal Retirement Advisors, offer a personalized solution which simplifies the complexities and enables clients to plan for their post retirement needs and aspirations. Most importantly, our solution lays out a clearly defined action plan on how to allocate post retirement corpus into different asset classes based on client’s risk appetite along with a systematic and tax efficient utilization strategy for their various needs. Also, we ensure that all personal and financial risks are sufficiently addressed throughout their retired life. We are confident that our unique offering will be well received and will deliver tremendous value to our clients” Principal Retirement Advisors, will offer “RetireSecure” through its dedicated network of Principal Retirement Planners in Mumbai, New Delhi, Bengaluru, Chennai, Kolkata, Hyderabad, Pune, Ahmedabad, Jaipur, Chandigarh and Lucknow.
About the Principal Financial Group
The Principal Financial Group® (The Principal®) is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $519.3 billion in assets under management and serves some 19.7 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is listed on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
About Principal Retirement Advisors
Principal Retirement Advisors (PRA) is India’s first dedicated retirement solutions specialist, bringing over 65 years of experience of the Principal Financial Group in retirement planning in the United States and other global markets. Principal Retirement Advisors (PRA) is the wholly owned subsidiary of The Principal in India and a licensed Investment Adviser under SEBI’s investment advisory regulations. Through a time-tested approach delivered by mature & dedicated financial professionals (Principal Retirement Planners), PRA aims to deliver a customized, unbiased and holistic solution to its clients for them to achieve financial security & success over their entire lifetime. Headquartered in Mumbai, the company has offices in Delhi, Bengaluru, Pune, Hyderabad, Kolkata, Chennai, Ahmedabad, Chandigarh, Jaipur and Lucknow.