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The Nuveen Lifecycle Income CIT Series will be available as a default option for retirement plans recordkept by Transamerica.
TIAA faces losses on a core business — recordkeeping for retirement plans at colleges and other nonprofits. "Where we make that up is on the product side," an exec told sales staff.
Fadi Khoury, Middle East head, said Nuveen is aiming to build partnerships with the region’s institutional investors ...
The firms announced that they have formed a strategic relationship to offer Nuveen target-date funds with embedded TIAA lifetime income for retirement plan recordkeeping clients of Transamerica.
TIAA has faced financial challenges in recent years as teachers and others have opted for lower-cost retirement investments. A whistleblower and a recording of a sales meeting indicate TIAA is ...
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TIAA has also used some of its excess revenue to expand its capabilities. For example, TIAA acquired Nuveen Investments for nearly $6.3 billion in 2014.
TIAA sued by workers over its 401(k), alleging higher plan fees than it charges clients. A former employee, on behalf of 28,000 participants, has sued the retirement services provider over ...
From compound interest to career pivots, here's why it's time to ditch outdated ways of thinking about retirement ...
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