Voya Financial Files Comments on DOL Fiduciary Proposal

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Voya Financial (VOYA) Issues Commentary on DOL Proposal to Expand 'Fiduciary' Definition Under ERISA

July 16, 2015 2:03 PM EDT

Voya Financial (NYSE: VOYA) has filed comments in connection with the Department of Labor (DOL) proposal to expand the definition of "fiduciary" under the Employee Retirement Income Security Act (ERISA). This proposal impacts the institutions and individuals across America that sponsor and save in workplace retirement plans (401(k), 457 and 403(b) plans) and individual retirement accounts (IRAs). Voya's comments are focused on several ways in which the proposal can be improved to ensure that employers, workers, retirees and account owners receive the information and services they need to plan, protect and invest for their... More