The Hartford [profile], plans some reorganizations of its mutual fund arm.

The Harftord Courant reports that according to a filing with the SEC, the company plans to move some support services for the Mutual Funds unit from Hartford Life and Accident Insurance Co. to Hartford Life Inc.

The paper notes that Hartford is selling off parts of its Wealth Management business as management restructures the business. Other parts, such as annuities, are in runoff, meaning they will be discontinued, according to the publication.

The Hartford had announced in March 21, 2012the breakup of its operations, allowing it to focus on mutual funds, group benefits and property casualty insurance.  

Edited by: HFD


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