Voya, he said, is ready to support LPP and is working with a large client that is moving in the direction of offering it. “Our teams are already in flight and working on the program. We expect it sometime in 2022,” he said.
Anne Ackerley, head of BlackRock's retirement group, noted that BlackRock has a long history of innovation to help millions of people world-wide improve retirement readiness, a need that is increasingly acute in today’s environment. The company pioneered the first target-date fund in 1993.
“I think what’s been so striking throughout the morning conversation is just how critical the need is for retirement income. And we know that people are looking to their employers, and we know that employers want to do something to address these employees’ needs. So, I really do believe together we can all enhance retirement security,” she said.