U.S.A.
Investor Relations
About Us
Newsroom
Investor Relations
 Press Release
U.S. Media Contact+1 312 696-6383
Margaret Kirch Cohenmargaret.cohen@morningstar.com
The Hartford Selects Morningstar's Online Investment Planning and Education Service for Public Sector Retirement Plan Participants

CHICAGO, Jan 07, 2003 – The Hartford Financial Services Group, Inc. (NYSE: HIG) is enhancing the robust education platform it provides to its retirement program participants by providing access to Morningstar® ClearFuture®, a leading online retirement planning and guidance service, to more than 300,000 public sector retirement plan participants. 

Morningstar® ClearFuture® will be made available to plan participants in The Hartford's governmental retirement programs, for which it provides administrative services through its subsidiary, Hartford Life Insurance Co. ClearFuture is available through Morningstar Associates, LLC, a wholly owned subsidiary of Morningstar, Inc.  

A leading provider of 457, 401(a), and 403(b) plans, The Hartford recognizes the growing role of technology in providing fast and convenient access to tools that help educate and empower retirement plan participants to make informed investment decisions. ClearFuture® offers retirement plan participants access to supplemental, objective investment-planning guidance. ClearFuture's retirement planning and guidance services will be made available throughout 2003 and beyond to plan participants in The Hartford's governmental retirement programs. Access to ClearFuture will be available through The Hartford's award-winning group retirement plan Web site, HartfordOnline®. 

"Now more than ever, there is a need for independent, objective guidance and advice services for individual investors who are depending on their employer's defined contribution plans to fund their retirements," said Eric Wietsma, vice president, Hartford Life, and director of Institutional Governmental Markets.  

"The Hartford's participant education platform in the government sector is quite comprehensive. Morningstar® ClearFuture® complements the top-quality service and retirement planning expertise that The Hartford offers," said Wietsma. "Morningstar is well-known and well-respected within the financial services industry. The addition of ClearFuture allows The Hartford to service plan sponsors and their participants even more completely."

Known for its "high touch" service model, The Hartford gives participants in its governmental retirement programs access to local representatives who provide retirement planning assistance on a group and an individual basis. Plan participants can stay connected to their retirement accounts through Internet account access, a toll-free account access line, and a comprehensive quarterly statement.     

"We've always made personal attention and education available to our participants," noted Wietsma. "Today's investors require convenience and choice. The addition of ClearFuture® allows participants to get the information they want – when they want it – while retaining the accessibility of our local representatives. It truly is a great fit with our retirement programs overall."

John Rekenthaler, president of Morningstar Associates, LLC, said, "We believe our planning tools and the depth and breadth of our underlying investment research differentiates ClearFuture® from other services in the market, and we are pleased that The Hartford has chosen Morningstar as its retirement planning provider. We look forward to serving the participants of The Hartford's governmental retirement programs and to working closely with The Hartford to help thousands of people take control of their portfolios by making informed investment decisions."  

About Morningstar Associates  LLC / Morningstar, Inc. and ClearFuture®
The Morningstar® ClearFuture® retirement planning and advice service is provided by Morningstar Associates, LLC, a registered investment adviser and a wholly owned subsidiary of Chicago-based Morningstar, Inc. Morningstar, Inc. is a global investment research firm, offering an extensive line of print, software, and Internet-based products and services for individuals, financial advisors, institutions and the media. The financial data and methodology used in ClearFuture are proprietary to Morningstar, Inc., and/or Morningstar Associates, LLC. Morningstar® ClearFuture® offers online investment education, research, guidance, and advice services for all levels of investors. ClearFuture gathers detailed financial information from participants to provide investment suggestions for their retirement plans. Basing its analysis on both retirement and non-retirement assets, ClearFuture offers participants such tools as personalized goal planning, retirement income analysis based on enhanced simulations, and an innovative "bear market simulator" that tests risk tolerance. Morningstar ClearFuture is currently available to nearly 5 million participants through nearly 37,000 defined contribution retirement plans throughout the United States.  

About The Hartford
The Hartford (NYSE: HIG) is one of the nation's largest insurance and financial services companies, with 2001 revenues of $15.1 billion. As of Dec. 31, 2001, The Hartford had assets of $181.2 billion and shareholders' equity of $9.0 billion. The company is a leading provider of investment products; life insurance and group benefits; automobile and homeowners products; commercial property and casualty insurance; and reinsurance. The Hartford's Internet address is www.thehartford.com.

 Printer-friendly version
SEC Filings
Annual Reports
Earnings Releases
Calendar of Events
Analyst Coverage
Corporate Governance
Investor Communications
Investor Questions
Stock Information
Safe Harbor Provision
Investor Relations Contacts
News and SEC Filing Alerts
Request an investor information kit 
© Morningstar. All rights reserved.