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Welcome to our Press Releases page.
On this page you'll find the latest news, views and features from MGM Advantage.
MGM Appoints new Head of Media Relations December 2011
New reprt highlights retirement income shortfall December 2011
Almost three quarters of people aged 55+ could miss out on additional income in retirement November 2011
UK Households need to find an extra £46 Billion October 2011
Annuity Index reveals dramatic drop in annuity rates October 2011
20 Million britons will not rely on a pension in retirement October 2011
MGM Advantage supports ABI annuity initiative for customers September 2011
Latest CPI figure means UK households need to find an extra £40 billion September 2011
MGM Advantage joins forces with SimplyBiz Group September 2011
Over two million people approaching retirement not prepared, says MGM Advantage August 2011
Falling rates will drive demand for 'Non-conventional' annuities say IFAs August 2011
Retirement dreams shelved for millions as rising cost of living hit finances August 2011
MGM Advantage appoints new Chief Financial Officer August 2011
MGM Advantage appoints new Chief Risk Officer August 2011
MGM Advantage smashes sales target for investment backed annuity July 2011
MGM Advantage Annuity Index reveals decrease in annuity rates July 2011
Four in five independent financial advisers plan to qualify for RDR June 2011
Latest CPI figure means UK households need to find an extra £40 billion May 2011
Leading mutual sees boost in sales over last 12 months May 2011
Drifting along in drawdown could was retirement income down the drain April 2011
Demand for investment-backed annuities grows with concerns over rising inflation March 2011
MGM Advantage Annuity Index Reveals conventional annuity rates have jumped 6% since December 2010 March 2011
Latest CPI figure adds £630 to annual cost of living March 2011
MGM Advantage appoints new Retirement Income Technical ManagerMarch 2011
Men could see their annuity rates fall by up to 4.73% and womens rates could rise by nearly 8% February 2011
Latest CPI figure adds £572 to annual cost of living February 2011
National Cost of living rises by £33 billion January 2011
MGM Advantage creates new head of partnerships role January 2011
MGM Advantage appointed to new Openwork annuities panel January 2011
MGM Advantage boosts sales team January 2011
MGM Advantage goes global! December 2010
MGM Advantage appoints two new directors December 2010
90% of IFAs anticipate fall in demand for conventional annuities November 2010
The affect of the Recession November 2010
Annuity Index October 2010
Comprehensive Spending Review September 2010
RDR to lead to polarisation in retirement income advice market September 2010
Cheapest place to retire September 2010
How old do you feel? September 2010
Millions face ‘reality check’ as cost of living and threat of rising inflation hits retirement dreams September 2010
Response to Towers Watson's report on the growth on the enhanced annuity market August 2010
Falling annuity rates August 2010
Less than 5% approaching retirement are fully prepared August 2010
Impact of Inflation July 2010
Three quarters of over 55s could miss out on additional income in retirement July 2010
Views from MGM Advantage on the age 75 rule July 2010
Industry expected to respond to falling annuity rates through product innovation June 2010
Annuity index reveals widening gulf between best and worst Enhanced Annuities June 2010
MGM Advantage Appoints a New Chief Actuary May 2010
11.2 million expect worse standard of living in retirement May 2010
Annuity Rates Continue to shrink, Says MGM Advantage April 2010
MGM Advantage first to be awarded 5 stars for a retirement income product March 2010
MGM Advantage responds to Towers Watson's Report on the growth of the Enhanced Annuity Market March 2010
Cost of living increases March 2010
MGM Advantage launches innovative asset backed Flexible Income Annuity March 2010
MGM Advantage annuity index reveals falling rates and a large disparity between top and bottom quartiles December 2009
MGM Advantage responds to ABI's paper "Time for Change" Jan 2010
Rise of the canny nation or not?
MGM Advantage appoints new Actuarial Function Holder and With-Profits Actuary Novembr 2009
Trust in banks Disappears August 2009
Recession delays retirement plans for 1.85 million people August 2009
Launch of Annuity Index reveals average difference of 22% between standard and enhanced annuities July 2009
MGM Advantage appoints Geoff Shanks as Chief Financial Officer
MGM Advantage completes longevity swap with Pacific Life Re March 2009
MGM Advantage appoints Angela Burns as new non executive director March 2009
MGM Advantage announces new Head of Marketing October 2008
MGM appoints Mark Joannes as Commercial Actuary October 2008
Are we in for a cosmic retirement? August 2008
MGM Advantage Shapes its ‘Designs for Retirement’ Team June 2008
Independent financial advice key to retirement security
says MGM Advantage’s Retirement Nation June 2008
MGM Advantage is unveiled -
156 year old mutual assurer repositions for retirement market June 2008
MGM Assurance becomes MGM Advantage June 2008
MGM appoints Laurie Edmans as Deputy Chairman March 2008
Chris Evans appointed Chief Executive at MGM August 2007
EU Gender Ruling
On 1 March 2011, the industry received a ruling from the European Court of Justice stating that gender pricing for annuities constitutes discrimination and can no longer be used. The rule of unisex premiums and benefits will apply with effect from 21 December 2012.
We are currently awaiting full details of the ruling to ascertain the wider issues before making any changes to our annuity pricing. We will continue to use our current pricing rationale as part of our pricing policy as we formulate plans to move to the new rules.
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Press Release
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