Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Voya is planning to divest substantially all of its CBVA segment, as well as its individual fixed and fixed indexed annuity business. (Photo: AP)

Voya Financial Inc. has announced that it will be selling its closed block variable annuity and fixed indexed annuities businesses, with an eye toward making a $1 billion stock buyback by June 30 of 2018.


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.