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IncomeWise™ Target Date Strategies to Become Available on Voya Platform; ABA Retirement Funds Program to Become First Adopter on the Platform

1. State Street expands IncomeWise™ on Voya Financial platform. 2. This enhances STT's portfolio in innovative retirement solutions.

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FAQ

Why Bullish?

The expansion of IncomeWise™ on the Voya platform indicates growth potential for STT. Historically, similar initiatives have positively influenced asset management firms' stock valuations.

How important is it?

The announcement reflects significant strategic growth for STT, impacting investor perception and confidence. It showcases STT's proactive approach in a competitive market.

Why Long Term?

This strategy signals a long-term commitment to innovation in retirement solutions, likely benefiting STT over time. Past expansions have led to sustained growth in market share for similar firms.

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BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced that its IncomeWise™ Target Retirement Strategies will be made available on the Voya Financial recordkeeping platform, marking a major milestone in the expansion of the solution's availability across the industry. This achievement aligns with State Street Global Advisors' commitment to providing participants with innovative and flexible retirement solutio.

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