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The Hartford Transfers Pension Liabilities to Annuity

Yesterday, Hartford Financial Services Group Inc. announced that it will purchase a group annuity contract from Prudential Financial,  transferring $1.6 billion of its $5.65 billion in U.S. pension liabilities. According to a recent Pensions & Investments article, the transfer will be effective Friday. Hartford’s 8-K …

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Lincoln National’s Variable Annuity Sales Increase 48%

Lincoln National Corp. has seen strong variable annuity sales this year.  After the first three quarters of the year, they had more than $10 billion in variable annuity sales.  That is the highest volume they have seen in the past six years.  This information comes …

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The Hartford Forces Variable Annuity Investment Changes

UPDATED July 27, 2013:  The variable annuity community has been up in arms since The Hartford announced forced variable annuity changes earlier this summer.  Many of their variable annuity contract holders are being forced to change their asset allocations to a more conservative mix by …

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