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Retirement Nation 2010

MGM Advantage is a specialist in providing retirement income solutions. Our Flexible Income Annuity and Enhanced Annuity are designed to ensure that your client gets the best possible income in retirement.

Every year, MGM Advantage carries out a Retirement Nation survey, asking over 2,000 people about their hopes, fears and financial readiness for retirement.  The results provide a shocking picture of how ill-prepared many people feel about funding a retirement that’s likely to last at least 20 years.

Some of the headlines

  • Less than 5% of non retired British adults aged 55 and over feel ‘fully prepared’ for retirement. This is a dramatic drop from 2008, when 39% felt fully prepared

  • Over a third (35%) of people aged 65 and over expect to keep working until they are at least 71 years old,  and 9% of this age group plan to be working past their 80th birthday. 

  • Only around a third of adults (31%) have built up a savings pot for retirement.

  • 57% of adults expect to take more holidays once they have retired but in reality almost a third of retired people have taken less holidays than before they gave up work.

  • People in Scotland are the most likely to scale back their daily expenditure during retirement (51%), compared to just 35% of people in the Midlands. 

Get the full story...

Flexible Income Annuity

Take a look at the great features of the new, innovative Flexible Income Annuity


Flexible Income

Open Market
Option

MGM is championing lead generation for IFAs by promoting wider use of the OMO


OMO

Enhanced
Annuity

45 day quote guarantee, online quotes and medical interviewing, why go anywhere else?

Enhanced Annuity

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Take a photo of our Flamingo out and about from the office and email it to us. We’ll publish entries here and draw a winner on 31st October. What are you waiting for? Get snapping!

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5 Star Award

Moneyfacts, the UK’s leading independent financial information provider has awarded the Flexible Income Annuity the first and ONLY Five Star award so far for a retirement income product.

Read the press release

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