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Us giant hartford setting up uk annuity operation

Hartford Life, which has assets under management of 201bn worldwide, is planning to offer 40 best of breed funds from six product providers through its investment bond, to be launched in the second quarter of the year. Investors will be offered a capital guarantee option on their portfolio for an extra fee.

The firm will only distribute through intermediaries and says it will make service the cornerstone of its selling proposition to IFAs and will not be solely commission-driven.

Hartford Life International chairman and chief executive Greg Boyko says: “Hartford is the number-one provider of unit-linked investment bonds in the US and Japan. We feel the time is right to bring our experience to the UK.”

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