Yahoo Finance · 6 Sep, 12:49 · Finance briefing

Voya Financial’s (VOYA) Earnings Fell While Its Retirement Business Boomed

Voya Financial recently reported a decline in overall earnings, driven by headwinds in its asset management division.

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The briefing

The story
in brief.

What happened, who it affects, and why it landed on our intelligence desk — in plain English, sixty seconds or less.

Voya Financial recently reported a decline in overall earnings, driven by headwinds in its asset management division. Conversely, its retirement business segment demonstrated robust growth, indicating a shift in consumer preference towards secure savings vehicles amid economic uncertainty. This divergence highlights the increasing demand for retirement planning services while traditional investment returns face pressure. Professionals in the financial sector must note this structural change, as it suggests a long-term pivot in revenue drivers for major financial institutions. The data underscores the resilience of retirement products compared to discretionary asset management.

Employer demand for AI in Insurance skills — indexed growth since 2019
Indicative index of skill mentions in professional job postings for the field this story moves (2019 = 1)

Your move

What this means
for your career.

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You should pivot your focus towards retirement planning and fiduciary advisory skills, as this sector shows resilience. Asset management roles may face stagnation, so diversifying your expertise into pension administration or wealth preservation is prudent. If you are in finance, prioritise certifications in retirement strategy or regulatory compliance to align with this growth area. For tech professionals, specialising in AI applications for personalised retirement advice could be highly valuable. Monitor job postings in Voya’s retirement division to understand emerging requirements. A smart move is to upskill in data analytics for client retention within savings products. You must adapt your career trajectory to match where institutional capital is flowing, ensuring your skill set remains relevant in a shifting financial landscape.

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Indicative salary uplift in the fields matched to this story
Indicative ranges from published continuing-education salary studies, by field — each field is a recommended course below

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