The Hartford Redirects $1.6 Billion in Pension Liabilities to Annuity

Posted on 06/28/2017


Increasingly, large U.S. financial corporations are looking to reduce long-term pension obligations. The Hartford Financial Services Group, Inc., inked a deal to buy a group annuity contract from Prudential Financial, thus moving US$ 1.6 billion, or 29%, of the company’s U.S. qualified pension plan liabilities. The Hartford has US$ 5.6 billion in U.S. qualified pension […]