Welcome to our dedicated page for Voya Financial news (Ticker: VOYA), a resource for investors and traders seeking the latest updates and insights on Voya Financial stock.
Voya Financial, Inc. reports news about its retirement, employee benefits and investment management businesses in the United States. Recurring updates include quarterly earnings by segment, fee-based revenue, net underwriting results, assets under management, capital deployment, common and preferred stock dividends, and investment income from the company’s general account and investment management activities.
Company news also covers retirement-savings policy developments, workplace-benefits collaborations, disability inclusion through Voya Cares, and shareholder commentary on governance, management accountability and the employee benefits stop-loss business.
Voya Financial (NYSE: VOYA) has announced the launch of its new advisor managed accounts advisory program in partnership with Morningstar Investment Management. This initiative aims to equip Registered Investment Advisors (RIAs) with resources to provide consistent investment advice to retirement plan participants. A recent Voya survey indicates that 76% of working Americans want professional guidance for their retirement savings. The program is expected to enhance financial wellness while generating new business opportunities for advisory firms.
Voya Financial (NYSE: VOYA) has launched Voya Claims 360, a streamlined model to enhance the claims process for supplemental health insurance. Designed to assist employees from enrollment to claim payment, this program proactively informs them of potential claim opportunities. Key features include Product-to-Product Claim Integration, upfront intuitive claims payment, and medical claims integration. Research indicates that around 70% of American workers value supplemental benefits, yet many overlook them, with only 10% having filed a claim. Voya aims to improve employee engagement and satisfaction through this initiative.
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Voya Financial, Inc. (NYSE: VOYA) has announced updates to its operating model and leadership to enhance its workplace and institutional client strategy. CEO Rodney O. Martin, Jr. highlighted the company's strong momentum and opportunities for growth through integrated solutions in health, wealth, and investment sectors. Key leadership changes include Michael Smith as vice chairman and new CEOs for Wealth and Health Solutions: Heather Lavallee and Robert Grubka. Voya aims to leverage its capabilities to meet evolving customer needs, serving approximately 14.8 million clients and $700 billion in assets under management.
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Voya Financial, Inc. (NYSE: VOYA) announced a new collaboration between Voya Foundation and Teach For America aimed at increasing diversity in the educator workforce. This initiative will focus on recruiting from historically Black colleges and universities (HBCUs), particularly targeting STEM students. Voya's partnership will enhance Teach For America's recruitment efforts and offer support to potential applicants. Voya Foundation's mission includes improving quality of life in communities through financial literacy and education initiatives. This effort aligns with Voya's commitment to diversity, equity, and inclusion.
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Voya Financial, Inc. (NYSE: VOYA) has entered a strategic relationship with Millennium Trust Company to offer Emergency Savings fund solutions to workplace clients. This initiative aims to support employees in saving for unexpected events while enhancing their overall financial wellness. Research indicates that 53% of Americans are more inclined to save for emergencies in 2021 compared to 2020. The program includes payroll deduction options, employer contributions, and an administrative portal for easy management. Voya emphasizes the importance of emergency savings in retirement planning.
Voya Prime Rate Trust (NYSE: PPR) has updated the record date for its upcoming special shareholder meeting from March 5, 2021, to March 8, 2021. This adjustment is in compliance with the New York Stock Exchange's 10-day notice requirement. The special meeting was initially announced yesterday and is scheduled for May 21, 2021. Shareholders are advised that the Fund has not yet initiated the Tender Offers referenced in the release and that important information regarding these offers will be included in future filings with the SEC.
Voya Prime Rate Trust (NYSE: PPR) announced that Voya Investments, LLC will resign as the Fund's manager effective June 22, 2021. This decision aims to allow the Board and shareholders to select a new investment manager aligned with their goals. A strategic plan committee has been formed to facilitate the search for a successor manager, with a special shareholder meeting scheduled for May 21, 2021, to approve the new management agreement. Following this, a tender offer for approximately 30% of the Fund's outstanding shares will be initiated.