A financial services company is continuing to expand its retirement services operation through acquisitions.
The Simsbury, Conn., life and retirement arm of Hartford Financial Services Group Inc., Hartford, has agreed to acquire the defined contribution recordkeeping alliance business of Princeton Retirement Group Inc., Atlanta, from Merrill Lynch & Company Inc., New York.
The alliance business sells recordkeeping services to large providers of 401(k) plans and other types of defined contribution retirement plans.