Products & Services July 10, 2025

Nuveen Lifetime Income TDFs to be Available on Transamerica Platform

The Nuveen Lifecycle Income CIT Series will be available as a default option for retirement plans recordkept by Transamerica.

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TIAA and Transamerica Corp. announced today a strategic partnership to offer the Nuveen Lifecycle Income CIT Series as a default option for retirement plans recordkept by Transamerica. The solution integrates Nuveen’s target-date-fund features with guaranteed lifetime income through TIAA’s Secure Income Account.

The NLI CIT Series resembles a target-date fund, yet allows for liquidity and portability. The offering also has lower expected portfolio volatility, given its allocation to the SIA, according to the companies.

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The TIAA SIA offers participants the option to secure pension-like lifetime retirement income. The account also offers the opportunity for higher income in retirement with a TIAA loyalty bonus, which TIAA provides based on the length of time funds are held in the firm’s flagship Traditional Annuity.

Solutions to “the retirement crisis will not be done by any one company or organization,” wrote Surya Kolluri, head of the TIAA Institute, in a LinkedIn post. “It will take a coalition from policy makers, distributors, technology companies, plan and product providers to employers to give more Americans access to lifetime income.”

TIAA and Transamerica described the product as an “efficient, cost-effective” way for plan sponsors to offer a lifetime income option to participants.

“Lifetime income options are no longer a luxury—they’re essential for helping people reach their retirement goals,” said Josh Rundle, head of retirement solutions at Transamerica, in a statement. “Through our strategic relationship with TIAA and Nuveen, Transamerica is making it easier and more affordable for plan sponsors to offer participants both growth potential and guaranteed income.”

Nuveen affiliates and TIAA investment management teams had $1.4 trillion assets under management as of March 31. Transamerica provides retirement, investment and life insurance solutions for more than 10 million Americans.

Products & Services July 10, 2025

LeafHouse, Capital Group Introduce Personalized Target-Date Service

Target Date Plus, powered by LeafHouse, uses up to 10 participant data points to customize portfolios for each participant.

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LeafHouse Financial Advisors LLC and the Capital Group Cos. Inc. launched Target Date Plus, powered by LeafHouse, a data-driven, personalized retirement investing service.

The offering, which can be used as a qualified default investment alternative, brings together Capital Group’s investment expertise with LeafHouse’s fiduciary technology and oversight and is delivered via digital platform iJoin.

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Portfolios are customized for each participant using as many as 10 key participant data points—such as income, saving rate, age and retirement timeline—that, according to the companies, require no direct participant engagement. Participants can choose to provide up to six additional data points, including outside assets and other income. LeafHouse builds portfolios that dynamically adjust over time, integrating both the target-date glide path of American Funds with participant behavior insights.

“Target Date Plus is designed to tailor portfolios to participants’ unique needs and goals using actual data,” said Todd Kading, LeafHouse’s president and CEO, in a statement. “People are unique. Their portfolios should be, too. We have built this solution to deliver personalized, fiduciary-managed portfolios at a cost that is appropriate and accessible.”

The Target Date Plus solution also integrates wellness and education tools, with withdrawal advice expected to launch later this year. By leveraging iJoin’s “ACT” technology, recordkeepers and advisers have access to aggregated plan and participant data, enabling them to measure outcomes, send targeted communications and enhance participant engagement.

“Our goal is to deliver strong, long-term results for investors,” said Mark Dence, Capital Group’s retirement national accounts director, in the announcement. “By partnering with LeafHouse, we can offer scalable, personalized retirement solutions supported by proven investment strategies, assisting more individuals in both accumulation and decumulation with their innovative withdrawal advice.”

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