Hartford Financial Services Group Inc. plans to revamp its annuity lineup and target business owners as part of an initiative to develop its wealth management operations.

Last week Hartford unveiled a corporate strategy that aims to expand its assets under management by better aligning its two companies, Hartford Life, and Hartford Property and Casualty. It said it would change its dual-silo structure so that Hartford acts as one company with three consumer divisions: commercial markets, consumer markets and wealth management.

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