Company Announcements

NEW YORK--(BUSINESS WIRE)--Apr. 1, 2026-- Voya Financial, Inc. (NYSE: VOYA) welcomes the U.S. Department of Labor’s proposed rule, Fiduciary Duties in Selecting Designated Investment Alternatives, as an important step toward the thoughtful expansion of retirement investment choice.

The proposal emphasizes the importance of a robust evaluation process for investments, without endorsing or excluding any specific asset class. The focus on providing a stable framework is consistent with longstanding ERISA principles that have served plan sponsors, fiduciaries and participants well as they assess appropriate options for their plans.

“At Voya, we believe expanding investment choice requires strong fiduciary governance, participant education and the involvement of financial professionals who can help ensure appropriate use of these solutions,” said Amy Vaillancourt, president of Retirement at Voya Financial. “When it comes to private market investments, focusing on professionally managed structures and layering protections such as liquidity management and valuation transparency is essential. Voya appreciates the proposal’s practical approach, which strengthens the ability of fiduciaries to make well-informed decisions about investment options and promotes a stable framework within which retirement plans can operate for the benefit of their participants.”

Plan sponsors and participants are increasingly interested in a range of investments beyond traditional public market investments as a way to enhance diversification and potential returns. Clear regulatory standards are essential to ensure these options can be incorporated responsibly. The Department’s proposal outlines a disciplined, transparent framework for evaluation, including factors such as performance, fees, liquidity, valuation, benchmarking, and complexity.

As a retirement recordkeeper and investment partner, Voya is proud to support plan sponsors and financial professionals with the resources and operational tools they need to carry out their responsibilities with confidence. We look forward to being active contributors to the public dialogue around this important proposal.

About Voya Financial^®
Voya Financial, Inc. (NYSE: VOYA) is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for individual, workplace and institutional clients, supporting more than 18 million customer relationships. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity. Together with customers and partners, Voya employees fight for everyone's opportunity for a better financial future. For more information visit voya.com and follow Voya Financial on LinkedIn, Facebook and Instagram.

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Media Contact:
Claire Supplee
(212) 309-8275
Claire.Supplee@voya.com

Investor Contact:
Mei Ni Chu
(212) 309-8999
IR@voya.com

Source: Voya Financial, Inc.