VOYA

Voya Equity Closed End Fund Declares Distribution

Retrieved on: 
Monday, July 17, 2023

Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the monthly distribution on the common shares of one of its closed-end funds.

Key Points: 
  • Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the monthly distribution on the common shares of one of its closed-end funds.
  • With respect to the Fund, the distribution will be paid on August 15, 2023, to shareholders of record on August 2, 2023.
  • The distribution per share for the Fund is as follows:
    Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD)
    IGD intends to make regular monthly distributions based on the past and projected performance of the Fund.
  • There can be no assurance that a Fund will be able to declare a distribution in each period.

Farm Credit Foundations selects Voya to serve as new 401(k) and NQDC retirement savings plan provider

Retrieved on: 
Tuesday, July 11, 2023

Voya Financial, Inc. (NYSE: VOYA), announced today that it has been selected as the new recordkeeper and service provider for the Farm Credit Foundations 401(k) Retirement Savings Plan.

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA), announced today that it has been selected as the new recordkeeper and service provider for the Farm Credit Foundations 401(k) Retirement Savings Plan.
  • Their 401(k) plan, which recently transitioned to Voya, represents roughly $4 billion in retirement plan assets and services approximately 13,000 participants.
  • In addition to 401(k) plan recordkeeping support, the new relationship with Farm Credit Foundations also includes Voya’s Non-Qualified Deferred Compensation (NQDC) offering.
  • “We are thrilled to be supporting Farm Credit Foundations and the employees they serve on their retirement savings journey as their new service provider,” said Doug Murray, SVP, Wealth Solutions Distribution and Client Engagement.

Voya Financial named a ‘Best Place to Work for Disability Inclusion’ for sixth consecutive year

Retrieved on: 
Tuesday, July 11, 2023

Voya Financial, Inc. (NYSE: VOYA), announced today that it has earned recognition as a “Best Place to Work for Disability Inclusion” for the sixth consecutive year.

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA), announced today that it has earned recognition as a “Best Place to Work for Disability Inclusion” for the sixth consecutive year.
  • Voya’s top score of 100 on the 2023 Disability Equality Index® (DEI) illustrates the company’s continued, measurable progress to lessen unemployment and underemployment of people with disabilities.
  • The DEI is a joint initiative of the American Association of People with Disabilities, the nation’s largest disability rights organization, and Disability:IN.
  • Voya also supports its employees who are part of the disabilities community through its employee-led People with Disabilities and Caregivers Council.

Voya Financial schedules announcement of second-quarter 2023 results

Retrieved on: 
Thursday, July 6, 2023

Voya Financial, Inc. (NYSE: VOYA), announced today that it will host a webcast and conference call on its second-quarter 2023 financial results on Wednesday, Aug. 2, 2023 from 10 a.m. to 11 a.m.

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA), announced today that it will host a webcast and conference call on its second-quarter 2023 financial results on Wednesday, Aug. 2, 2023 from 10 a.m. to 11 a.m.
  • ET.
  • Voya will issue a press release announcing the company’s second-quarter 2023 financial results after the market closes on Tuesday, Aug. 1, 2023.
  • ET on Aug. 2, 2023.

VRS Selects New Record Keeper for Defined Contribution Plans

Retrieved on: 
Thursday, June 15, 2023

RICHMOND, Va., June 15, 2023 /PRNewswire/ -- The Virginia Retirement System Board of Trustees has named Voya Financial to serve as the third-party record keeper for the VRS defined contribution plans (DCP) beginning January 1, 2025, subject to final contract negotiations.

Key Points: 
  • RICHMOND, Va., June 15, 2023 /PRNewswire/ -- The Virginia Retirement System Board of Trustees has named Voya Financial to serve as the third-party record keeper for the VRS defined contribution plans (DCP) beginning January 1, 2025, subject to final contract negotiations.
  • Following an expected 18-month transition period, Voya will assume record-keeping responsibilities January 1, 2025, for VRS-sponsored defined contribution plans including the Commonwealth of Virginia 457 Deferred Compensation Plan, the Virginia Cash Match Plan 401(a) and the defined contribution component of the Hybrid Retirement Plan.
  • Voya will also serve as record keeper for VRS-sponsored optional retirement plans for political appointees and school superintendents, and as one of the provider choices for the optional plan for higher education.
  • Record keeping entails administering participant defined contribution accounts including managing contributions and distributions, interfacing with investment managers selected by VRS and providing participant education and services and communications for VRS plans.

High School Teams Crowned Best in America in CEE’s Nationwide Personal Finance Competition

Retrieved on: 
Tuesday, June 6, 2023

At the Council for Economic Education’s National Personal Finance Challenge (NPFC) finals, state championship high school teams from across the United States demonstrated their understanding of the building blocks of personal finance needed to help themselves and all students build a life of financial stability and economic mobility.

Key Points: 
  • At the Council for Economic Education’s National Personal Finance Challenge (NPFC) finals, state championship high school teams from across the United States demonstrated their understanding of the building blocks of personal finance needed to help themselves and all students build a life of financial stability and economic mobility.
  • Following a series of statewide and national academic competitions, students from Adrian Wilcox High School of Santa Clara, California, finished first in the country for personal finance knowledge.
  • Teams from Vestavia Hills High School of Alabama, the Arkansas School for Mathematics, Sciences, and the Arts from Hot Springs, and Andover High School of Kansas earned recognition as first, second and third runners-up.
  • “Understanding the basics of personal finance unlocks a wealth of opportunities for life,” said Nan.

Voya Investment Management to host a webcast for the Voya Global Advantage and Premium Opportunity Fund; Voya Global Equity Dividend and Premium Opportunity Fund; and Voya Infrastructure, Industrials and Materials Fund.

Retrieved on: 
Wednesday, May 31, 2023

Voya Investment Management, the asset management business of Voya Financial, Inc., will host a webcast for the Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), and Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) on Monday, June 12, 2023 from 4:30 p.m. – 5:00 p.m.

Key Points: 
  • Voya Investment Management, the asset management business of Voya Financial, Inc., will host a webcast for the Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), and Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) on Monday, June 12, 2023 from 4:30 p.m. – 5:00 p.m.
  • Montminy is a Portfolio Manager on the global quantitative equity team helping oversee the equity strategies in Voya closed-end funds.
  • The conference call will provide an overview of the funds’ investment process, performance, and current market.
  • A replay will be made available on our website for those who cannot attend.

New Voya behavioral finance research finds employers can boost ‘default escalators’ in 401(k) plans without decreasing participation

Retrieved on: 
Thursday, May 18, 2023

Voya Financial, Inc. (NYSE: VOYA), is sharing findings from a new field study conducted through the Voya Behavioral Finance Institute for Innovation focusing on finding the optimal retirement plan design settings for automatic escalation.

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA), is sharing findings from a new field study conducted through the Voya Behavioral Finance Institute for Innovation focusing on finding the optimal retirement plan design settings for automatic escalation.
  • “These powerful tools have improved retirement outcomes2 and helped close longstanding gaps in retirement plan participation; importantly, these gaps have been closed across gender, race, ethnicity and income.
  • So the question remains for employers of what happens if they increase the escalator from 1% to 2%?
  • Dr. Benartzi was previously a paid consultant to Voya Services Company, a wholly owned subsidiary of Voya Financial.

DALBAR Seeks and Finds the Top Online Retirement Plan Enrollment Experiences

Retrieved on: 
Wednesday, May 17, 2023

Clearly, the firm is keenly aware of the crucial correlation between an intuitive enrollment experience and the completion of enrollment.

Key Points: 
  • Clearly, the firm is keenly aware of the crucial correlation between an intuitive enrollment experience and the completion of enrollment.
  • Securian Financial’s retirement plan business was acquired by The Standard on December 1, 2022.
  • Principal places a high priority on their digital experiences with a personal connection offered to retirement plan participants and sponsors, and the priority placed on their intuitive and award-winning enrollment experience is no different.
  • For more information about DALBAR’s State of the Industry: Online Enrollment study, please visit the DALBAR Intellect store .

Voya Equity Closed End Fund Declares Distribution

Retrieved on: 
Monday, May 15, 2023

Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the monthly distribution on the common shares of one of its closed-end funds.

Key Points: 
  • Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the monthly distribution on the common shares of one of its closed-end funds.
  • With respect to the Fund, the distribution will be paid on June 15, 2023, to shareholders of record on June 2, 2023.
  • The distribution per share for the Fund is as follows:
    Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD)
    IGD intends to make regular monthly distributions based on the past and projected performance of the Fund.
  • There can be no assurance that a Fund will be able to declare a distribution in each period.