oker dealer that drive both fee-based and commissioned sales. Competition Primary competitors to the company’s Retail Wealth Management business are, in the investor channel, Fidelity, Schwab, Vanguard, and Merrill Edge; and in the field channel, LPL Financial, Ameriprise, Commonwealth, Cambridge, Cetera, Morgan Stanley Smith Barney and Bank of America Merrill Lynch. The advisory services and product solutions are primarily targeted towards existing participants, which allow the company to benefit from its extensive relationships with large corporate and tax- exempt plan sponsors, its small and mid-corporate market plan sponsors and other qualified plan segments in healthcare, higher education, and K-12 education. Annuities Annuities provides fixed and indexed annuities, tax-qualified mutual fund custodial and other investment-only products and payout annuities for pre-retirement wealth accumulation and postretirement income management, sold through multiple channels. Products and Services The company’s product offerings include immediate and deferred fixed annuities designed to address customer needs for tax-advantaged savings and retirement income and their wealth-protection concerns. New sales comprise primarily fixed indexed annuities (FIAs) and tax-qualified mutual fund custodial accounts. FIAs: The company’s existing FIAs contain death benefits as required by non-forfeiture regulations. Annual Reset and Multi-Year Guarantee Annuities (MYGAs): The company’s in-force block includes Annual Reset and MYGA products, which provide guaranteed minimum rates of up to 4.5% and with crediting rate terms from 1 year to 10 years. The company also offers other fixed annuities with a guaranteed interest rate or a periodic annuity payment schedule suitable for clients seeking a stable return. Investment-Only Products: The company’s Annuities segment offers tax-qualified mutual fund custodial products, which provide flexible investment options across mutual fund families on a no-load basis. It also offers an investment-only non-qualified complement, which provides flexible investment options across mutual fund families on a no-load basis. Markets and Distribution The company’s target markets for annuities include individual retirees and pre-retirees seeking to accumulate or receive distributions of assets for retirement. Annuity products are primarily distributed by independent marketing organizations, independent broker-dealers, banks, independent insurance agents, pension professionals and affiliated broker-dealers. Its investment-only products are distributed nationally, primarily through relationships with independent brokers, financial planners and agents. The company has a strategic alliance with The Allstate Corporation (Allstate) under which Allstate offers a suite of its fixed annuity product offerings to Allstate customers. These fixed annuity products are issued by Voya Insurance and Annuity Company and Voya Retirement Insurance and Annuity Company. In 2015, the company engaged in a strategic alliance with Farmers Financial Solutions, a part of the Farmers Insurance Group of Companies, under which it would be the exclusive provider of indexed annuity products to Farmers customers. Competition The company’s Annuities segment faces competition from traditional insurance carriers, as well as banks, mutual fund companies and other investment managers, such as Allianz, Athene, American Equity, Lincoln and Great American. Investment Management The company offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions across market sectors, investment styles and capitalization spectrums through its actively managed, full-service investment management business. The company serves various institutional clients, including public, corporate and Taft-Hartley Act defined-benefit and defined-contribution retirement plans, endowments and foundations, and insurance companies through its institutional distribution channel and through affiliates. The company also serves individual investors by offering its mutual funds and separately managed acc
voya financial inc (VOYA:New York)
230 Park Avenue
New York, NY 10169
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