Hartford Platinum with GRIP wins Best Innovation Award

Hartford Life Limited has been revealed as the winner of the Best Innovation award at the Investment, Life & Pensions Moneyfacts Awards 2007, held in the City of London.

The Hartford’s retirement solution: Hartford Platinum with the Guaranteed Retirement Investment Plan (GRIP), scooped the gong ahead of strong competition in what has been an extraordinary year for pension innovation following A-Day simplification.

GRIP is a unique optional guarantee that ensures protection and security in retirement by guaranteeing income for life, while also allowing customers the growth potential of income drawdown through investment in equity markets. Customers are able to lock in growth on their capital investment of up to a maximum of 10% per annum.

The Hartford was also nominated ‘commended’ in the Best Investment Bond Provider category at the awards.

Commenting on the award successes, the Hartford’s Chief Executive Officer in the UK, Mike Kalen said; “We are naturally delighted that both the Hartford Platinum GRIP and our onshore bond, Hartford Gold, have been recognised by Moneyfacts. I am proud of our team's accomplishments. We are all extremely pleased that we have been recognised as a leader in delivering unique and innovative solutions to our customers.”

Aidan O’Donnell, Chief Product Officer and Actuary at Hartford Life said; “The GRIP option is unique in the market as it provides customers with the best of both worlds, potential growth on capital through the equity markets and the security in knowing you have income for life, even if the markets fall. Hartford Platinum has been received very well by IFAs and by end customers”.