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Voya Financial, Inc. (NYSE: VOYA) is a premier provider of retirement, investment, and insurance solutions, serving approximately 13 million individual and institutional customers across the United States. Headquartered in New York, Voya operates with a clear mission to secure financial futures through its diverse product offerings and dedicated service.
Voya Financial operates through three main segments: Wealth Solutions, Investment Management, and Health Solutions. The Wealth Solutions segment, which generates roughly half of the company's revenue, provides tax-advantaged retirement savings plans and individual retirement accounts tailored to meet the needs of various customer groups. Investment Management offers a range of asset management services, while Health Solutions provides group life insurance plans and employee benefit products.
Recently, Voya has been recognized for its advanced digital capabilities and commitment to enhancing customer experiences. The company has partnered with Oracle to leverage Oracle Database@Azure, ensuring secure, high-performance cloud services to its clients. This move underscores Voya’s dedication to technological advancement and customer-centric service delivery.
With a workforce of approximately 6,500 employees and a strong focus on corporate responsibility, Voya is deeply committed to helping individuals and institutions achieve better retirement readiness. The company's vision, encapsulated in its tagline “America’s Retirement Company™”, emphasizes guiding Americans towards financial stability and security, one person, one family, and one institution at a time.
For more information about Voya Financial, Inc., visit voya.com.
Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Infrastructure, Industrials and Materials Fund (IDE) have announced their monthly distributions for January 2025. IGA will distribute $0.085 per share, while IDE will distribute $0.100 per share, both payable on January 15, 2025.
For IGA, the distribution comprises 26.61% from net investment income and 73.39% from net realized long-term capital gains. IDE's distribution consists of 52.21% from net realized short-term capital gains and 47.79% from net realized long-term capital gains.
The funds' performance metrics show strong results, with IGA reporting a five-year average annual total return of 7.49% and IDE at 8.15%. The current annualized distribution rates stand at 9.73% for IGA and 9.90% for IDE, based on NAV as of November 29, 2024.
Benefitfocus has launched its new Care Partner Panel, an innovative approach to digital health-solution management. The platform aims to simplify benefits administration by providing employers with vetted digital health solutions that address specialized health needs for specific employee groups.
The panel integrates seamlessly with Benefitplace™ employee experience, offering personalized solution delivery through a multichannel engagement approach. Customers using Health Insights will have access to data analysis capabilities to optimize their benefits strategy ROI.
Initial industry-leading providers in the panel include:
- Health Advocate for health advocacy and navigation
- Hello Heart for preventive heart health
- Lyra Health for workforce mental health benefits
- Omada Health for virtual-first healthcare
- Progyny for fertility and family-building solutions
- Sword Health for AI-powered care platform
Voya Financial (NYSE: VOYA) has announced the appointment of Jay Kaduson as CEO of Workplace Solutions, effective January 16, 2025. Kaduson will oversee Health Solutions and Wealth Solutions businesses, reporting to CEO Heather Lavallee and joining the Executive Committee.
Kaduson brings 26 years of financial services leadership experience, most recently at PwC where he led the firm's growth business and oversaw insurance, retirement, and wealth practices. Previously, he spent 16 years at MetLife, ultimately serving as global head of enterprise relationship management.
In his new role, Kaduson will supervise Amy Vaillancourt (President of Wealth Solutions), Andrew Frend (President of Health Solutions), and Courtney Kunzelmann (Chief Marketing Officer, Workplace Solutions). The appointment aligns with Voya's strategy to strengthen its position as a comprehensive workplace benefits provider, focusing on health and wealth solutions delivery through the workplace.
Voya Financial (NYSE: VOYA) has announced it will release its fourth-quarter and full-year 2024 financial results after market close on Tuesday, February 4, 2025. The company will host a webcast and conference call to discuss these results on Wednesday, February 5, 2025, from 10 a.m. to 11 a.m. ET.
The earnings announcement will include a press release, investor supplement, and analyst presentation, all of which will be available on the company's investor relations website. The conference call will feature a slide presentation and will be streamed live on investors.voya.com. Participants are advised to access the webcast 15 minutes before the start time to install necessary software. A replay will be available on the same website starting at approximately 1 p.m. ET on February 5, 2025.
Voya Financial (NYSE: VOYA) has completed the acquisition of OneAmerica Financial's full-service retirement plan business. This strategic move expands Voya's Wealth Solutions business to serve approximately 60,000 retirement plans supporting nearly 8 million participants, with Wealth Solutions Defined Contribution client assets growing to $670 billion.
The acquisition, announced in September 2024, strengthens Voya's Workplace Solutions growth strategy by adding scale to its full-service retirement business. It enhances Voya's capabilities with employee stock ownership plan administration and creates opportunities to expand distribution footprint and deepen advisor relationships.
Further details about the transaction will be provided during Voya's fourth-quarter and full-year 2024 earnings call in early February 2025.
Voya Foundation has awarded a $50,000 grant to Latinas & Power Corp. for its 'Latinas in Leadership Institute' (LiLi) in Hartford, Connecticut. The grant will support the institute's six-month certificate program focused on developing leadership and advocacy skills through facilitator-led coursework and personalized assessments. The program includes financial literacy training and wealth management education.
The institute's fourth cohort is scheduled to run from March to September 2025, with applications open until January 25, 2025. Additionally, Latinas & Power will host its 22nd annual symposium on May 29, 2025, at the Connecticut Convention Center, expecting to attract nearly 700 professionals and entrepreneurs.
Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Infrastructure, Industrials and Materials Fund (IDE) have announced their December 2024 monthly distributions. IGA will distribute $0.085 per share, while IDE will distribute $0.100 per share, both payable on December 16, 2024.
For IGA, the distribution comprises 15.99% from net investment income, 50.75% from long-term capital gains, and 33.26% from return of capital. IDE's distribution consists of 4.08% from net investment income, 23.07% from short-term capital gains, and 72.84% from long-term capital gains.
The funds' performance metrics show strong returns, with IGA reporting a 7.49% five-year average annual return and IDE showing 8.15%. The current annualized distribution rates stand at 9.73% for IGA and 9.90% for IDE, based on NAV as of November 29, 2024.
Voya Financial (NYSE: VOYA) announced a collaboration with Orion to launch Voya WealthPath, a new technology platform for Voya Financial Advisors (VFA). The platform integrates holistic in-plan and retail advisory solutions, including financial planning and client relationship management tools. The new solution offers enhanced digital experiences, streamlined account opening processes, seamless data integration, and improved client interaction tracking. Voya WealthPath supports $31 billion in Retail Client Assets and aims to provide financial professionals with comprehensive tools to better manage their business and serve clients more efficiently.
Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Infrastructure, Industrials and Materials Fund (IDE) announced their November 2024 monthly distributions. IGA will distribute $0.085 per share, with 89.67% coming from return of capital. IDE will distribute $0.100 per share, with 90.5% derived from realized capital gains.
Both funds show positive performance metrics, with IGA reporting a 6.94% five-year average annual return and IDE showing 7.67%. The funds' current distribution rates are approximately 10% of NAV, with year-to-date total returns of 10.06% for IGA and 9.43% for IDE as of October 31, 2024.
Voya Financial announces significant enhancements to its myBenefitsHub online absence management platform, set to launch in January 2025. The refreshed portal aims to streamline the claims submission process and improve the overall user experience for both employers and employees. According to Voya's research, 93% of employees consider online benefits portals important for making benefits decisions.
Key improvements include an intuitive claims process with a progress tracker, enhanced employee education about available coverage, and a comprehensive absence dashboard for supervisors and HR personnel. The platform will provide detailed information about disability coverage and absence types, while maintaining Voya's high-touch service standards. Current clients will transition to the new experience in December 2024.
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