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Where financial wellness falls short
Less than a third of employers offer such services in some form, most often as it relates to retirement saving. And when the services are available, plan participants tend not to use them.
TIAA faces class action over rollovers
TIAA settled claims in July from the SEC and New York State. Deloitte was recently sued over its plan, and Aon prevailed in a lawsuit.
Almost half of retirees won’t have enough income by 2090
A report from the Urban Institute found Social Security cuts, tax increases, longer working years and higher savings levels are needed to keep retirees from funding crises in the coming years.
On a hiring spree? Retirement income could help lure workers
About 70% of people surveyed said they would choose a job with that feature over a similar one without it, according to a survey by TIAA.
Here’s why TIAA can no longer play by its own rules
Times have changed as the giant money manager for professors puts a $97 million penalty behind it.
Coalition calls for retirement security task force
Key retirement industry groups urge President Biden to put in place a coordinated federal approach to the crisis.
ESG getting nods from institutions. Why does it lag in 403(b)s?
Much like 401(k)s, 403(b) plans have very little explicit consideration for environmental, social and governance criteria. An estimated 1% of plan assets are in ESG funds.
JPMorgan’s Thasunda Duckett named TIAA chief executive
Duckett succeeds Roger Ferguson Jr., who had announced his plans to retire. She was most recently CEO of Chase Consumer Banking.
Outspent by Wall Street, investor advocates focus on educating lawmakers on advice issues
One goal is to fortify Democratic opposition to Reg BI
Princeton settles DC lawsuit for $5.8 million
Plaintiffs in the class-action case alleged the school's retirement plans had high fees and poorly performing, restrictive investment options
TIAA tackles student debt with startup Savi
The technology determines an income-driven repayment plan and whether a client may qualify for the federal student loan forgiveness program
Senate coronavirus stimulus bill waives RMDs this year
The final measure also makes it easier to withdraw funds from retirement accounts in an emergency
TIAA exits the life insurance business
The move is a big deal for RIAs, experts say, since TIAA was one of only a few insurers to offer fee-only life policies.
TIAA may be pushing unsuitable products, whistleblowers say
New York Times reports reps may have incentive to push higher-fee managed accounts.
TIAA puts all real estate business under one unit
TH Real Estate, the business that now reflects TIAA-CREF’s entire real estate division, is transforming its…
TIAA-CREF in $6.25B deal to buy Nuveen Investments
TIAA-CREF, the manager of retirement accounts for teachers, has agreed to buy Nuveen Investments for $6.25 billion, including debt. The combined company would rank among the 20 largest U.S. mutual-fund firms.
