Hartford Financial Services Group

Major player in advice industry pulls a 180-degree turn in reorg; 'almost non-existent'

The Hartford Financial Services Group Inc. is selling its retirement plan business to Massachusetts Mutual Life Insurance Co. for $400 million as part of a restructuring it embarked on this year.

Hartford Financial Services Group Inc. chief executive Liam McGee may follow Axa SA and AEGON NV's Transamerica in offering to pay customers to exit savings products that are weighing on the company's results.

Hartford Financial Services Group Inc. (HIG) Chief Executive Officer Liam McGee may follow Axa SA and Aegon (AGN) NV's Transamerica in offering to pay customers to exit savings products that are weighing on the company's results.McGee is under pressure from investors such as billionaire John

A surprise suitor has emerged in the sale of Woodbury, The Hartford's indie B-D

J.P. Morgan Asset Management has joined up with FASCore to provide record keeping solutions for the asset manager's small-to-midsized plan clients

In-force VA block lapse rate jumped by nearly 50% after Hartford announced it would leave annuity biz; many contracts in the money

Now that The Hartford Financial Services Group Inc. has decided to sell its annuity operations to Forethought Financial Group, Raymond James is dropping Hartford annuities as one of its sales optionsScott Stolz, president of Raymond James Insurance Group, confirmed that the broker-dealer sent

Woodbury Financial is said to be readying retention bonuses to preserve firm's value despite not having a buyer lined up

Despite being eligible for a $1.76 million incentive for 2011, Hartford's CEO Liam McGee declined it.

Broker-dealers and financial advisers are walking away from the insurance and annuity products of The Hartford Financial Services Group Inc. in the wake of the company's March 21 announcement that it will no longer sell annuities and that it will spin off its life insurance operations and Woodbury