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Archived Annuities News / Income Drawdown News
What's happening in the world of MGM annuities and pensions
News and articles about annuities, pensions and income drawdown
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MGM Annuities News
Expert says no time to lock into conventional annuity
11 August 2011. Those approaching retirement have been advised not to lock into conventional annuities amid tumbling markets. MGM Advantage has said pension investors might consider flexible annuities instead as a more lucrative alternative...Flexible Annuities News
Falling annuities bode ill for pensioners: MGM Advantage
12 July 2011. MGM Advantage has warned that pensioners are facing a diminishing pot of money to support ever-increasing longevity after annuity rates fell over the past 3 months. MGM Annuities said income paid on enhanced and conventional annuities between March and June fell by 0.18 per cent and 3.5 per cent respectively....Annuity Rates News
Consumers 'need more education' over annuities
11 May 2011. When it comes to annuity products, UK consumers need to be provided with an even greater level of education by firms operating in the country's financial services sector, it has been suggested. The Open Market Option is one area where further information could be provided to people, according to MGM Advantage...Call for Annuities Education
Advisers turn to asset-backed annuities as rates plunge
16 September 2010. Advisers are set to turn their backs on conventional annuities and recommend asset-backed alternatives as annuity rate crashes continue to plague retirees. A study conducted by MGM Advantage suggests more than 90% of IFAs expect the market for...MGM Annuities
Life after Income Drawdown
The last decade has seen Income Drawdown become the darling of the retirement income market for mass affluent to high net worth customers. Why? Because it offers everything that traditional annuities...MGM Advantage Income Drawdown
MGM Advantage says election result will increase annuity rates
MGM Advantage Annuities has predicted the hung parliament could result in higher annuity rates. "If annuity rates do rise, this will come as welcome relief to the annuity sector because rates in general have been falling"...MGM Annuities
MGM Advantage reveals details of flexible annuity
MGM Advantage set to launch latest annuity product
Annuity rates fell in 2009 and now offer poor returns, latest research shows
Annuity rates fell by an average of over 1.5% in the latter half of 2009 with standard annuities seeing the fastest rate of decline, according to the latest figures to be published. Average annuity rates fell 1.64% in the six months to 31 December 2009, with enhanced rates down 1.33%, while standard rates dropped 2.16%, the Annuity Index from MGM Advantage shows. The index, which tracks the income paid on standard and enhanced annuities...Annuity Rates
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