Voya Retirement’s first half of 2025 highlighted by strong client growth, new relationships, and strategic enhancements in talent, tools, and innovation

WINDSOR, Conn.--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA), today announced several highlights for the first half of 2025 in its Retirement business, led by strong client growth, expanded distribution relationships, and strategic enhancements in talent and innovation.

“We’re proud of the strong progress we have made so far in 2025. It reflects the trust clients place in us to help them pursue lasting retirement security and financial confidence,” said Amy Vaillancourt, president of Retirement at Voya Financial. “From launching plans for small businesses to navigating the complex needs of large companies and government institutions, our purpose remains the same: simplify retirement planning, broaden its accessibility, and drive more meaningful financial outcomes to and through retirement.”

Sales Growth Across Key Markets

In large-plan markets—including 401(k), 403(b), 457, and government 457/401(a) sectors— Voya added several new clients including the Virginia Retirement System, and another large state government plan demonstrating continued success in delivering enterprise-grade retirement solutions that meet the evolving needs of institutional clients.

As of June 30, Voya’s strength in emerging and mid-sized markets drove a 52% year-over-year increase in funded sales within Voya’s Multiple Employer Solution (MES) plan business. This growth underscores the rising demand for flexible, scalable retirement solutions. MES options allow employers to combine plan resources or participate in aggregated offerings—delivering access to enhanced services, reduced investment costs, and minimized fiduciary burdens. These plans streamline administration and offer a pragmatic solution for smaller businesses seeking to deliver meaningful retirement benefits.

Scaling Through Relationships, Expanded Sales Team and Product Innovation

Voya also finalized a new selling agreement with Edward Jones. Once live, Edward Jones financial advisors will begin to offer Voya’s comprehensive suite of retirement plan tools and services to their clients—reflecting a shared commitment to help workplace clients plan for and achieve financial security from their working years through retirement.

To support this growth, Voya strengthened its retirement sales team with the appointments of Lizzie Moye, Tanner Patterson, Chris West, Nate Babcock and Ryan Noto. Notably, Babcock, Patterson and West are part of a newly expanded business development team focused on driving deeper relationships with Voya’s key distribution partners.

Concurrently, Brian Merrick has been appointed VP, Client Relationship Leader, Government Market. In this role Merrick is responsible for leading the overall client engagement strategy for the Government Market team, including managing relationships with clients, advisors and consultants across a complete array of multi-product solutions, including Retirement Plans, Health Savings Accounts, Managed Accounts, Investment Solutions and other products and tools.

Looking ahead to the second half of 2025, Voya will continue to advance its advisor-supported model with new enhancements to its retirement suite. This includes the continued rollout of MyCompass Blend—a collective investment trust series built on insights from leading industry participants and Voya Investment Management’s decades of target date fund experience.

Voya also entered into a collaboration with Savi, to offer student loan debt solutions to its clients.

Both offerings are now live and will continue to expand in availability throughout the remainder of the year.

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 approximately 15.7 million individual, workplace and institutional clients. 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 we 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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