TIAA-CREF does U-turn on entering UK pensions market

Stephanie Baxter
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US financial services giant TIAA-CREF has opened a distribution office in the UK for its asset management business.

It will come as a surprise given that the firm last year scrapped plans to enter the UK pensions market over concerns that the industry was too focused on low charges. TIAA-CREF's U-turn move is...

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