Voya Financial expands access to retirement income solutions with addition of BlackRock’s LifePath Paycheck®
WINDSOR, Conn.--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) announced today the addition of BlackRock’s LifePath Paycheck® solution to its recordkeeping platform—with initial availability to qualifying plans. This innovative product provides eligible retirement plan participants the option to convert a portion of their savings into a guaranteed lifetime income stream—delivered by insurers chosen by BlackRock—helping individuals approach retirement with greater confidence and financial se
Related Questions
Will this partnership increase Voya’s assets under administration (AUA) and how significant could that growth be?
How does Voya’s expanded retirement income offering compare to similar solutions from competitors like Fidelity, Vanguard, and Prudential?
Is there any anticipated short‑term volatility in Voya’s stock price due to the announcement, and what catalysts might drive further movement?
How will the collaboration with BlackRock influence Voya’s brand perception and ability to attract new institutional clients?
What impact could the partnership have on Voya’s expense ratios and profitability margins?
What are the potential regulatory or compliance considerations associated with offering insurer‑delivered lifetime income streams?
Could this partnership lead to cross‑selling opportunities for other Voya financial products, and what is the upside potential?
What is the timeline for full rollout of LifePath Paycheck® to all qualifying Voya plans, and how might that timeline affect quarterly financial results?
How will the addition of BlackRock’s LifePath Paycheck® affect Voya Financial’s revenue and earnings forecasts?
What is the expected market adoption rate for the new retirement income solution among Voya’s existing plan participants?