TIAA and Nuveen Lifetime Income Default Target-Date Offerings Approach $35 Billion in AUM
NEW YORK, May 2, 2024 /PRNewswire/ -- Assets in TIAA and Nuveen's suite of lifetime income target-date solutions across corporate, educational, governmental, and healthcare retirement plans are now approaching $35 billion in AUM, far surpassing assets in any other comparable lifetime income products in the market. TIAA has a broad suite of lifetime income-embedded target-date solutions to meet institutional clients' needs, including TIAA RetirePlus, the TIAA Secure Income Account (SIA) and the Nuveen Lifecycle Income CIT Series (NLI). TIAA is the leader in lifetime income whose mission it is to provide a more secure retirement to millions more Americans with the assurance of a retirement paychecki that lasts for life.
- NEW YORK, May 2, 2024 /PRNewswire/ -- Assets in TIAA and Nuveen's suite of lifetime income target-date solutions across corporate, educational, governmental, and healthcare retirement plans are now approaching $35 billion in AUM, far surpassing assets in any other comparable lifetime income products in the market.
- TIAA has a broad suite of lifetime income-embedded target-date solutions to meet institutional clients' needs, including TIAA RetirePlus , the TIAA Secure Income Account (SIA) and the Nuveen Lifecycle Income CIT Series (NLI).
- NLI was launched in August 2023 and this funding represents a robust start to the joint efforts of Nuveen and TIAA to expand access to lifetime income solutions across the defined contribution retirement market.
- "As we have demonstrated with the rapidly accelerating demand for TIAA RetirePlus , TIAA is uniquely positioned to help solve America's retirement crisis.