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Is Hartford Financial's market exit a death knell for the annuity crowd or ...

19.05.12

Hartford Financial Services Group is joining an industry rush for the door by withdrawing from the annuity business in an effort to boost shareholder returns and raise profits — something annuities simply can’t provide in this market with their guaranteed payouts to clients and poor rates of return. See: Study: Variable annuity providers show some gains in tackling RIA market .


Source: RIABiz

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US annuity market gets off to a roaring start
VRL Financial News (subscription) - Jun 16, 2011 US annuity market gets off to a roaring start By LII editorial Variable annuity (VA) sales in the US continued to power ahead in the first quarter of 2011, rising 24% compared to the first quarter of 2010 to $39.81bn, reported research and consulting organisation LIMRA. The growth rate was up on