Third way annuity market 'safe' despite Hartford exit

They were responding to today's announcement The Hartford is suspending selling new insurance and investment policies in the UK as a result of the continued financial turmoil. Specialist provider Lincoln Financial Group, which recently unveiled plans to double its sales team, says product sales by the UK arm of the US insurance giant were strong even while its remaining propositions were struggling. "In no way is this a reflection on the third way annuity market," Lincoln head of product and marketing Simon O'Connor says. "The truth is Hartford was seeing decent sales of the products ...