Voya’s partnership will give its network of 2,000 advisors access to RPAG’s support team and educational tools such as modules on the role fiduciaries play for plan sponsors. There is a growing trend among 401(k) plans to seek independent investment advisors to assist with investment selections and education responsibilities, Voya says.
The new initiative gives financial advisors with Voya the chance to grow a retirement business or enter into one.
New York Life My Care Insurance
There’s a new affordable and flexible long-term-care insurance policy in town and it’s New York Life (NYL) My Care.
New York Life, an insurance company based in New York, N.Y., designed NYL My Care for price-conscious middle-class consumers who want simple policies. It is based on a previous version of long-term-care insurance and includes a deductible, co-insurance and multiple plan tiers to suit a variety of budgets and risk tolerance.
The policy covers long-term-care needs such as home care, community-based care and facility care. The benefits also include the return of the client’s premium up to age 65, a waiver of the premium after the deductible is satisfied, the client’s ability to increase his or her coverage up to age 70 and a client loyalty discount.
Barings Teams Up With iCapital To Break Barriers
When financial services firm Barings wanted a customized platform with alternative strategies that it could offer to registered investment advisors and high-net-worth clients, it tapped iCapital Network.