Transamerica, T. Rowe Price and TIAA have launched a retirement plan solution that combines investment management with guaranteed lifetime income.
Transamerica has partnered with T. Rowe Price and TIAA to expand access to guaranteed lifetime income for retirement plan participants through T. Rowe Price IncomeSelect by Transamerica. T. Rowe Price managed approximately US$1.83 trillion in client assets The offering combines Transamerica's retirement plan and collective investment trust capabilities, T. Rowe Price's target-date investment strategies and TIAA's guaranteed income solution through the TIAA Secure Income Account. The s