TIAA-CREF, the $200 billion retirement system for educators, will open a personal trust division early next year that will initially offer financial planning, a spokesman confirmed.

The unnamed trust services group will be available to the 1.9 million current and future retirees in the Teachers Insurance and Annuity Association-College Retirement Equities Fund, a multiple employer pension system.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.