US - Trust Company managing principal Mike Palmer has been appointed to the TIAA-CREF board of financial advisors.
The eleven strong board provides crucial guidance and feedback on initiatives undertaken by the US$400bn retirement system giant.
The TIAA-CREF also announced it had closed on a joint venture to buy 67 shopping centres worth around US$3bn.
TIAA-CREF contributed 85% to the venture, while Ohio-based Developers Diversified Realty Corp put in 15%.
In other news, the New York State Teachers’ Retirement System and real estate firm the Bozzuto Group have set up a $100m property venture.
Construction of the venture’s first project - a 204-unit apartment community – is already underway.
This week's top stories included the GMP Equalisation Working Group publishing a call to action to help schemes begin the process.
The extension of auto-enrolment (AE) to more workers is supported by around three-quarters of businesses, according to research by Scottish Widows and the Confederation of Business Industry (CBI).
Hargreaves Lansdown and Liberty SIPP have again been named as the slowest two providers to move pensions through Origo's Transfer Service.