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Tuesday, August 08, 2023
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TIAA’s Nuveen Launches TDF With Embedded Guaranteed Income Annuity
PA-080723-TIAA-new-In-Plan-Annuity--1188144141-web
The new series aims to bring 'pension-like' income options to participants, according to Nuveen's retirement investing head.
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Pension Risk Transfers in No Need of Overhaul, Insurance Executives Say
Minor changes, such as requiring pensions to consider cybersecurity before selecting an annuity provider, could be positive, however.
Today’s Most Read
1. Fidelity Data Breach Exposed Info of 77,000 Clients
2. Who Is Most at Risk for Retirement Savings Shortfall?
3. 401(k) Traders Shifting to Fixed Income
Advisory M&A
Ameriprise adds 3 teams worth total of $1.1B in client assets; Mercer Advisors Snags Texas-based $680M wealth advisory; Cetera adds father-daughter-led RIA; and more.
American Airlines Files Motion to Dismiss 401(k) ESG Complaint
The airline argued the case should be dropped partly because the ESG funds in question were not in the 401(k) plans’ core menu.
How to Best Protect Workers’ Retirement Savings
Plan sponsors can utilize 401(k) loan insurance to maximize the power of automatic portability and protect workers’ savings, according to Faegre Drinker Biddle & Reath's Campbell. 
Market Mirror Market Mirror Graph

Monday, the Dow rose 407.51 points (1.16%) to close at 35,473.13 the Nasdaq rose 85.16 points (0.61%) to close at 13,994.40 and the S&P 500 rose 40.41 points (0.90%) to close at 4,518.44. The Russell 2000 rose 1.47 points (0.08%) to close at 1,958.94 and the FT Wilshire 5000 Index rose 371.16 points (0.82%) to close at 45,677.11.

The price of the 10-year Treasury note fell 4/32, bringing the yield to 4.092%. The price of the 30-year Treasury bond fell 1 1/32, bringing the yield to 4.269%. 

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