Deals & People April 20, 2015

Treasury Pension Expert Joins Buck

Tonya B. Manning joined Buck Consultants at Xerox as chief actuary, a role that involves shaping and improving the firm's understanding of current market trends.
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Manning most recently served in the U.S. Department of Treasury as a policy actuary. Buck believes her experience will provide clients with insights into the workings of the federal government and pension regulation decisions.

For more than 20 years Manning worked at Aon Hewitt, helping to establish offshore valuating capabilities, providing consulting to clients and maintaining the role of chief actuary. She is a fellow of the Society of Actuaries, an enrolled actuary under the Employee Retirement Income Security Act (ERISA) and a member of the American Academy of Actuaries.

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She holds a bachelor’s of science degree in mathematics from the University of North Carolina at Chapel Hill. Additionally, Manning provides guidance to those with their sights set on working in the actuarial field, having developed a pension actuarial course and leading lectures at Columbia University.

Manning’s understanding of the market, as well as issues such as retirement readiness and public sector plan funding, will help Buck continue to develop innovative ways to achieve the best retirement outcomes for employees across the client base, concludes Fraser Smart, president of Buck Consultants at Xerox.

Deals & People April 20, 2015

Voya Names Retirement CEO

Charles P. Nelson will spearhead tax-exempt and corporate markets and wealth management at Voya in his new role as retirement chief executive.
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The retirement segment accounted for approximately 40% of company operating earnings in 2014. Nelson, with 30 years of industry experience, begins serving in his new role May 1. Among other responsibilities, he 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.

Most recently, Nelson worked with Great-West in Empower Retirement, leading the legacy retirement business. He has experience managing defined contribution and defined benefit businesses, overseeing government, health care, nonprofit, 401(k) and FASCore institutional lines of business, and managing recordkeeping, administration, operations, sales, products, financial results and broker/dealer services.

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Nelson will report to Alain Karaoglan, chief operating officer at Voya Financial, who explains the company is focusing on its digital and analytics capabilities and a cross-enterprise strategy, to support its growth and increase competitiveness. He believes investments in these areas, coupled with Nelson’s expertise, “will sharpen our customer-centric focus, as we more closely align retirement and investment management.”

Rodney O. Martin, Jr., chairman and CEO, Voya Financial, cited Nelson’s track record in developing and executing profitable growth strategies for retirement businesses, while optimizing return on equity. “He will be a great addition to our executive team as we continue to focus on achieving our vision to be America’s Retirement Company,” Martin says.

Nelson pointed to the transformation at Voya as a key driver in his decision to join the team, which he praises for its success in delivering unique customer experiences that integrate holistic solutions designed to enhance participant retirement income. 

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