Tertiary Institutions Service Centre

Borrowers face difficulty and confusion when student debt payments resume

Retrieved on: 
Tuesday, November 9, 2021
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"With student loan payments restarting soon, these workers need tools and resources that can help them feel more confident about their finances and achieve their goals."

Key Points: 
  • "With student loan payments restarting soon, these workers need tools and resources that can help them feel more confident about their finances and achieve their goals."
  • A little more than half of these workers (55%) still worry about their student debt.
  • The new TIAA student debt survey found three in five (60%) respondents think their employer has a responsibility to help them with their student debt.
  • Confusion also exists as there have been ongoing changes in the student debt servicing market.

Wilmington Trust's Sharon L. Klein Inducted into Estate Planning Hall of Fame

Retrieved on: 
Thursday, November 4, 2021
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Region, has been inducted into the Estate Planning Hall of Fame by the National Association of Estate Planners & Councils (NAEPC).

Key Points: 
  • Region, has been inducted into the Estate Planning Hall of Fame by the National Association of Estate Planners & Councils (NAEPC).
  • Said Bill LaFond, area executive for Wilmington Trust: "Our team at Wilmington Trust continues to be honored and inspired by the devotion and commitment of our friend and colleague Sharon Klein to her clients, her teammates and the broader estate planning industry.
  • "We are honored to induct Sharon Klein into the Estate Planning Hall of Fame Class of 2021," said NAEPC President William D. Kirchick.
  • (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM).

Emerald Technology Ventures Adopts Private Equity Servicing with Broadridge Blockchain Solution

Retrieved on: 
Monday, November 1, 2021
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Broadridge's Private Market Hub is the first deployment of blockchain technology for the private equity market.

Key Points: 
  • Broadridge's Private Market Hub is the first deployment of blockchain technology for the private equity market.
  • "We are pleased to have worked with Northern Trust and Broadridge on development of the Private Market Hub, using blockchain technology to deliver a full private equity ecosystem," said Hans Dellenbach, Partner and Chief Financial Officer at Emerald Technology Ventures.
  • Emerald Technology Ventures funds can now call and distribute funds directly through Private Market Hub and seamlessly process the fund lifecycle through an automated workflow solution.
  • "We are excited to have Emerald Technology Ventures join our groundbreaking Private Market Hub platform, which enables a frictionless digital experience for private equity stakeholders and participants," said Brian Crowley, Global Head of Product and Product Strategy, Broadridge Asset Management Solutions.

Emerald Technology Ventures Adopts Private Equity Servicing with Broadridge Blockchain Solution

Retrieved on: 
Monday, November 1, 2021
Emerald, Head Office, Efficiency, Technology, Recycling, Industry, Twitter, NYSE, Agriculture, Corporation, Nasdaq, Robotics, Tertiary Institutions Service Centre, Water, Financial services, Cryptocurrency, Bank

NEW YORK and LONDON, Nov. 1, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, and Northern Trust (Nasdaq: NTRS), a global leader in asset servicing, today announced that Emerald Technology Ventures will utilize the Broadridge Private Market Hub ecosystem to gain visibility and reduce transaction friction to interact in real-time on all Guernsey domiciled funds.

Key Points: 
  • "We are pleased to have worked with Northern Trust and Broadridge on development of the Private Market Hub, using blockchain technology to deliver a full private equity ecosystem," said Hans Dellenbach, Partner and Chief Financial Officer at Emerald Technology Ventures.
  • Northern Trust has successfully migrated four Emerald Technology Ventures funds to the Broadridge Private Market Hub, providing a single, fully transparent view into all funds and allowing for interaction in real-time.
  • Emerald Technology Ventures funds can now call and distribute funds directly through Private Market Hub and seamlessly process the fund lifecycle through an automated workflow solution.
  • "We are excited to have Emerald Technology Ventures join our groundbreaking Private Market Hub platform, which enables a frictionless digital experience for private equity stakeholders and participants," said Brian Crowley, Global Head of Product and Product Strategy, Broadridge Asset Management Solutions.

Americans Split on Biggest Concern in Retirement: Running out of Time vs. Running out Money

Retrieved on: 
Wednesday, October 27, 2021
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Creating a retirement plan that includes guaranteed lifetime income can offer the freedom to enjoy retirement and give you peace of mind.

Key Points: 
  • Creating a retirement plan that includes guaranteed lifetime income can offer the freedom to enjoy retirement and give you peace of mind.
  • Creating a retirement plan that includes guaranteed lifetime income can offer the freedom to enjoy retirement and give you peace of mind."
  • The 2021 TIAA Lifetime Income Survey was fielded using an online survey of 1,001 working American Millennials, Gen Xers, and Boomers.
  • In the study's most recent month, the career contributor's initial lifetime income exceeded that of the new contributor by 17.6%.

TIAA Appoints Stephen Tisdalle Chief Brand and Demand Generation Officer

Retrieved on: 
Thursday, October 21, 2021
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NEW YORK, Oct. 21, 2021 /PRNewswire/ -- TIAA, a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions, appointed Stephen Tisdalle to the newly created role of Chief Brand and Demand Generation Officer.

Key Points: 
  • NEW YORK, Oct. 21, 2021 /PRNewswire/ -- TIAA, a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions, appointed Stephen Tisdalle to the newly created role of Chief Brand and Demand Generation Officer.
  • Tisdalle joins on November 22 from State Street Global Advisors, where he was Chief Marketing Officer of the $4 trillion global asset manager.
  • Tisdalle will report to Chief Marketing Officer Marty Willis.
  • He also served as Head of Saffron Brand Consultants, where he implemented brand strategies for Goldman Sachs, Bain & Co, KPMG and Swiss Re.

The Research Foundation for The State University of New York Adopts TIAA RetirePlus Pro®

Retrieved on: 
Tuesday, October 19, 2021
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NEW YORK, Oct. 19, 2021 /PRNewswire/ --The Research Foundation for The State University of New York (RF) is the latest client to sign up for the innovative TIAA RetirePlus Pro model service.

Key Points: 
  • NEW YORK, Oct. 19, 2021 /PRNewswire/ --The Research Foundation for The State University of New York (RF) is the latest client to sign up for the innovative TIAA RetirePlus Pro model service.
  • "RetirePlus Pro combines the simplicity and familiarity of a target-date option with the potential for lifetime income in an adaptable package we can customize for our unique workforce."
  • TIAA RetirePlus Pro, part of the TIAA RetirePlus Series, lets a plan sponsor and their consultant offer a default solution tailored to the plan's unique demographics while embedding lifetime income in a target-date structure.
  • TIAA RetirePlus and TIAA RetirePlus Pro are administered by Teachers Insurance and Annuity Association of America ("TIAA") as plan recordkeeper.

Northern Trust Appoints Gary Paulin as Head of Global Strategic Solutions

Retrieved on: 
Tuesday, October 5, 2021
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Northern Trust (Nasdaq: NTRS) has appointed Gary Paulin as head of Global Strategic Solutions for its asset servicing business.

Key Points: 
  • Northern Trust (Nasdaq: NTRS) has appointed Gary Paulin as head of Global Strategic Solutions for its asset servicing business.
  • The appointment supports Northern Trust Whole Office the strategy bringing advanced open architecture, multi-asset class solutions to institutional market participants, across the entire investment lifecycle.
  • Paulin assumes the role having previously been global head of Integrated Trading Solutions, Northern Trusts outsourced trading capability.
  • Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.

Northern Trust Collateral Optimization Capability Helps Investors Meet UMR Obligations

Retrieved on: 
Tuesday, September 28, 2021
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Through its partnership with margin and risk management expert Acadia, Northern Trust offers market-approved, automated support for an independent calculation of initial margin to help investors in OTC derivatives meet complex UMR requirements.

Key Points: 
  • Through its partnership with margin and risk management expert Acadia, Northern Trust offers market-approved, automated support for an independent calculation of initial margin to help investors in OTC derivatives meet complex UMR requirements.
  • As of June 30, 2021, Northern Trust had assets under custody/administration of US$15.7 trillion, and assets under management of US$1.5 trillion.
  • For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation.
  • Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.

Job seekers prefer companies that offer guaranteed lifetime income in retirement

Retrieved on: 
Tuesday, September 28, 2021
Tertiary Institutions Service Centre, TIAA, Longevity, Insurance, Decision-making, Teachers Insurance and Annuity Association of America, Solution, CREF, Income, Association, FDIC, Third Avenue, Ageing, LLC, Confusion, FINRA, Retirement, Health insurance, Life insurance, Pension fund, Bank

"To attract and retain talent employers should ensure they are offering lifetime income solutions in their retirement plans and communicating the benefits they provide."

Key Points: 
  • "To attract and retain talent employers should ensure they are offering lifetime income solutions in their retirement plans and communicating the benefits they provide."
  • Six in 10 say they are highly interested in guaranteed lifetime income annuities offered through their employer's retirement plan.
  • Among those who already have guaranteed lifetime income, 64% say they believe their retirement savings will last 30+ years.
  • Having guaranteed lifetime income also decreased retirement concerns around stock market declines and low-interest rates for about one-third of respondents.