Voya Financial taps former Great-West president Nelson as CEO of retirement

Replaces Maliz Beams, who resigned last October
AUG 28, 2014
Charles P. Nelson was named CEO of retirement for Voya Financial, effective May 1, the company said Monday. Maliz Beams had been CEO of Voya's retirement solutions business, but she resigned Oct. 15. Rodney O. Martin Jr., chairman and CEO of Voya Financial, assumed her responsibilities. (More: The best- and worst-performing target date funds) Mr. Nelson will oversee tax-exempt and corporate markets and retail wealth management, “which comprise the company's workplace and individual retirement businesses, including 401(k), 403(b) and 457 plans, and IRAs,” according to a news release. (More: Morningstar wins more Voya retirement business) Mr. Nelson had been president of Great-West Retirement Services through September 2014. Following the combination of Great-West, the retirement business of Putnam Investments and the record-keeping business of J.P. Morgan Asset Management to form Empower Retirement, Mr. Nelson led the legacy retirement business of Great-West, the news release said. Robert Steyer is a reporter at sister publication Pensions & Investments.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave