Transamerica, T. Rowe Price, TIAA Launch Guaranteed Lifetime Income Product

Transamerica Corp. has collaborated with T. Rowe Price Group Inc. and TIAA to expand their offerings in guaranteed lifetime income for retirement plan participants through T. Rowe Price’s IncomeSelect, a target-date-collective-trust-fund series.

The new product is specifically tailored for eligible retirement plans and delivered through a CIT.

IncomeSelect is established and maintained by Transamerica Trust Co., a subsidiary of Transamerica, which exercises ultimate fiduciary authority over the management of the funds and their investments.

The offering combines a professionally managed glide path with a guaranteed income allocation through TIAA and is designed to function as a target-date qualified default investment alternative.

The target-date funds are included in the Transamerica Retirement Solutions Collective Trust. As the trustee, Transamerica Trust Co. has retained Mesirow Financial Investment Management Inc. to provide investment advice to the funds.

Advisory services related to the glide path of the funds are provided by T. Rowe Price Investment Management Inc. T. Rowe Price is a leading global asset management firm that managed $1.83 trillion in client assets as of April 30. TIAA had nearly $1.5 trillion in assets under management as of March 31.

Transamerica is part of the Aegon group of companies and paid more than $52.6 billion in 2025 in insurance, retirement and annuity claims and benefits.