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Voya joins with BlackRock on emergency savings program
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Voya Financial joined the BlackRock Emergency Savings Initiative and will provide tools and opportunities for individuals to save more for their future and build greater financial stability, the retirement and financial services company said. Providing access to emergency savings opportunities can allow working individuals to avoid tapping their retirement funds for unexpected expenses and reduces employee financial stress, a news release said Tuesday.
Voya will collaborate with Commonwealth, a nonprofit organization seeking to improve individuals financial security, to develop the savings tools, the news release said.
BlackRock announced its Emergency Savings Initiative in 2019, funded with a $50 million philanthropic commitment through the BlackRock Charitable Trust.
Voya Becomes First Retirement Company to Join BlackRock’s Emergency Savings Initiative to Advance Workplace Emergency Savings
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Voya Collaborates with National Nonprofit Commonwealth to Advance Workplace Financial Security through Systemic Change
As American workers face ongoing economic hardship and an increasingly urgent savings crisis, these changes to the financial system infrastructure will provide a critical foundation to financial security for all Americans. BOSTON (PRWEB) February 02, 2021 In a major step forward in advancing systemic change in the financial sector, retirement company Voya Financial, one of the leading retirement plan providers in the U.S., has joined BlackRock’s Emergency Savings Initiative. Voya will collaborate with the national nonprofit Commonwealth, an industry expert partner in BlackRock’s Emergency Savings Initiative, to provide tools and opportunities for indiv
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