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Voya Adds Emergency Savings Solution to Financial Wellness Support Offerings
The platform is said to provide out-of-plan emergency savings support alongside the retirement plan and other workplace savings accounts.
Reported by
Voya Financial Inc. is partnering with Millennium Trust Co. LLC to offer emergency savings fund solutions for workplace clients’ employees.
“While the need for emergency savings has been growing over the years, the COVID-19 crisis has placed a spotlight on the immediate actions that many individuals are seeking to take today, as more than half (53%) of Americans say they are more likely to save for possible emergencies in 2021 compared to 2020,” says Charlie Nelson, CEO, retirement and employee benefits at Voya Financial, in a release by the company. “As the need for broader savings solutions is becoming more inextricably linked to positive retirement outcomes, providing emergency savings options both in and outside of retirement plans are just a fe
Principal launches strategic review after settlement with Elliott
The activist investor reportedly is pushing Principal to focus more on its wealth management operations and less on the life insurance business.
February 23, 2021 2 MINS
Principal Financial Group Inc. said it plans to launch a strategic review and appoint two new independent directors as part of a settlement agreement with activist investor Elliott Investment Management.
The New York-based hedge fund has been pushing the company to explore selling or spinning off its more capital-intensive life insurance business to focus on its more profitable wealth management operations, according to people familiar with the matter, who asked to not be identified because the matter isn’t public.
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Coquitlam, British Columbia (Newsfile Corp. - February 16, 2021) - Greenbriar Capital Corp. (TSXV: GRB) (
Greenbriar ) is pleased to announce it has executed a one year extension of the USD $195 Million Montalva project financing mandate with Voya Investment Management, LLC ( Voya ) for the Company s 160 MW DC/80 MW AC Montalva Solar Project ( Montalva Project ). This project financing takes place at the project level and does not involve the sale or dilution of the Company s shares. The purpose of this Mandate is to structure, arrange, and provide key capital requirements for the Montalva Solar Project.
About Voya Investment Management
Voya Investment Management, LLC is the asset management business of Voya Financial Inc., a Fortune 500 company that serves the financial needs of approximately 13.8 million individual and institutional customers in the United States. Voya reported $700 billion in total assets under management and administration as of December 31, 2020. Of
[Operator Instructions]
I would now like to turn the conference over to Michael Katz, Senior Vice President of Investor Relations. Mr. Katz, please go ahead.
Mike Katz
Senior Vice President, Head of Investor Relations and Enterprise FP&A
Thank you, and good morning. Welcome to Voya Financial s Fourth Quarter and Full Year 2020 Earnings Conference Call. We appreciate all of you who have joined us for this call.
As a reminder, materials for today s call are available on our website at investors.voya.com or via the webcast.
Turning to Slide 2. Some of the comments made during this conference call may contain forward-looking statements within the meaning of federal securities law. This includes potential impacts related to COVID-19. I refer you to this slide for more information. We will also be referring today to certain non-GAAP financial measures. GAAP reconciliations are available in our press release and financial supplements found on our website, investors.voya.com.