Investment Instruments

The Hartford is getting out of the business of selling annuities and says Forethought Financial Group Inc. will buy its units that market annuities and manage sales of the financial product.

Three-quarters of advisors surveyed said they'd made changes to their businesses in order to address the coming wave of Boomer retirees.

The Spark Institute and ICI released a new version of the Sample Glossary of Investment-Related Terms for Disclosures to Retirement Plan Participants that the organizations initially released last December. The new version contains revisions to terms such as cash equivalent and the definition of market capitalization or market cap.

Under-65s are being drawn to linked LTCI products to protect their retirement savings and because of the policies' money-back provisions.

The average return for target maturity funds last quarter came in 3.5 percent under the S&P 500 at nearly 9 percent, but beat the BarCap U.S. Aggregate Bond Index by over 8.5 percent.

An expanded set of assessment guidelines for plan sponsors and service providers has been released by the Center for Fiduciary Excellence, in response to the DOL's impending fee disclosure regulations.