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Stock impact report

Voya Investment Management survey shows target-date funds increase retirement participants’ confidence

Voya Financial, Inc. (VOYA) 
Last voya financial, inc. earnings: 2/10 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.voya.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Voya Investment Management (Voya IM), the asset management business of Voya Financial, Inc. (NYSE: VOYA) announced today the results of a survey focused on the views of investors in relation to target-date funds (TDFs). The results reveal a clear trend: Participants who invest in TDFs feel significantly more confident about their retirement journey.According to the survey, 71% of employed TDF investors feel confident about reaching their retirement goals, compared with just 58% of non-investors. The confidence gap widens when looking at stress reduction: 91% of employed TDF investors agree that investing in a TDF alleviates the stress of retirement planning versus 73% of those who don’t invest in TDFs.“Target-date funds aren’t just investment vehicles — they’re confidence-building tools,” said Barbara Reinhard, CFA, chief investment officer, Multi-Asset Strategies and Solutions at Voya IM. “For plan sponsors and defined contribution specialists, this fin Show less Read more
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