MGM appoints Angela Burns as new non executive director

24-03-2009

WORTHING, Sussex 24 March 2009 - MGM Advantage, the retirement income specialist, has appointed Angela Burns as a non-executive director with specific responsibility for chairing MGM's investment committee.

Ms Burns is the founding director of Aktiva Ltd, a leading asset gathering, consultancy and governance practice, established in February 2005, and is a senior strategic adviser to UK asset managers and insurers, working with a range of specialist funds.  She is a trustee of two Common Investment Funds operated by Bank Sarasin and is an approved director for UCITS and Qualifying Investor Funds domiciled in Ireland.

Previously, Ms Burns was a partner at Europa Partners Ltd, Head of Net Funds at Standard Life Investments, and a director of Nikko Global Asset Management and Delmore Asset Management. She was also a trustee for the not-for-profit organisation, Langley House Trust, for ten years, chairing its Audit Committee for three years.

Sir William Proby, chairman of MGM Advantage said: “Angela is an exceptionally experienced practitioner, with more than 22 years in the asset and investment management field. She combines experience in both the investment and the insurance businesses which makes her a valuable addition to the board. 2009 is certain to be challenging for all areas of investment and Angela’s appointment will help the board fulfil its commitment to strong financial performance on behalf of its members.”

Previously known as MGM Assurance, MGM Advantage re-launched as a retirement income specialist in June 2008, offering enhanced annuities covering a wide spectrum of health conditions.

NOTES TO EDITORS

History:  Based in Sussex, the life assurer opened its doors in 1852 as Marine and General Mutual Life Assurance Society, to fill the poorly-met insurance needs of seafarers and traders.

About MGM Advantage:  mgmadvantage.com
MGM Advantage is a new name in the UK retirement income market. Formerly known as MGM Assurance, the company repositioned itself as MGM Advantage in June 2008, when it launched a wholly-owned business unit called MGM Advantage Designs for Retirement to focus on annuity sales and the wider retirement income market. MGM has been registered longer than any other company in the UK. It is a mutual society owned by its members, and manages assets in excess of £1.6 billion. MGM Advantage’s commitment to customer satisfaction is backed up by a customer charter, which promises high quality service and ease of mind.

MGM Advantage distributes its products through independent financial advisers (IFAs) across the UK.

MGM Advantage Designs for Retirement, MGM Advantage and the MGM Assurance logos are Trade Marks of Marine and General Mutual Life Assurance Society.

For further information contact:

Clea Bourne                           
Flagship Consulting, Weekday:      020 7886 8447
clea.bourne@flagshipconsulting.co.uk

Will Brewster, Switchboard: 020 7886 8440
Flagship Consulting
Will.brewster@flagshipconsulting.co.uk