TIAA’s New Era: JPMorgan’s Thasunda Duckett named President and CEO
As the new chief of TIAA, Thasunda Brown Duckett will become the third black female CEO currently in the Fortune 500, and the second announced this year. PUBLISHED BY
Chase Consumer Banking, a JPMorgan division, is heading over to
The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund or
TIAA, as chief executive officer and president.
Duckett, 47, will be heading the $1.3 trillion investment management fund. She is one of the few prominent black Fortune 500 CEOs on Wall Street.
Thasunda Duckett will replace Roger Ferguson, who will retire in May after 13 years in the CEO post. The investment industry is in a sort of upheaval with tightening margins due to low cost, safe investments and small investors driving the market.
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Thasunda Brown Duckett is one of Wall Street’s most prominent Black executives; the central bank blamed Wednesday’s shutdown of its payments systems on a maintenance mistake.
Access to Guaranteed Lifetime Income Boosts Employee Confidence, Retirement Savings During Pandemic According to New Survey
More than 30 percent of employees increased their retirement savings contributions in 2020; Popularity of in-plan lifetime income solutions grows among 401(k), 403(b) plan sponsors
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NEW YORK, Feb. 23 2021 /PRNewswire/ Helping employees save for retirement remains a priority for a substantial majority (74 percent) of employers and, despite economic uncertainty, more than three in ten employees say they increased their retirement savings contributions in the last year, according to the TIAA Retirement Insights Survey.
Further, 80 percent of employees who have guaranteed lifetime income in retirement like an in-plan annuity say they feel confident in their progress toward their long-term savings goals, compared to 45 percent of those who do not have a source of guaranteed lifetime income. Similarly