With guaranteed lifetime income getting all kinds of attention nowadays, it's only natural that increasingly, plan providers should jump aboard.
The addition of Voya Financial to the parade, then, is not surprising. Voya's Retirement Solutions business on Tuesday announced it was introducing its Lifetime Income Strategy, which it describes as "a new retirement income investment option" for 401(k) plan participants who work for large employers.
The Lifetime Income Strategy option is, according to Voya, an "age-based, asset allocation program … designed to help participants convert their savings over time into a stream of guaranteed income that lasts throughout retirement."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
