News from mgm advantage A wide array of domestic and global news stories; news topics include politics/government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle. Articles that appear in this section may be written in English or other languages

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17 Nov, 2014, 11:17 GMT Pension Freedoms Threaten to Push 60,000 into Higher Tax Bracket

MGM Advantage, the retirement income specialist, is warning that around 60,000 people[1] could potentially fall prey to the higher rate tax bracket...


27 Oct, 2014, 12:55 GMT Annuity Rate Slide

Average annuity rate down by 2.38% in the last quarter Average annuity today delivers £2,058 less income over retirement compared to March 2014...


04 Aug, 2014, 10:34 BST Nation's Favourite Retirement Hotspots Revealed

Over six million UK adults[1] are planning to retire abroad Spain tops the poll for most popular overseas retirement destination France second in the ...


21 Jul, 2014, 13:32 BST MGM Advantage Responds to 'Freedom and Choice in Pensions' Consultation

Andrew Tully, Pensions Technical Director, MGM Advantage, comments: 'For too long people have been getting a raw deal from their pensions at...


14 Jul, 2014, 15:24 BST Annuity Index Reveals Gulf in Rates

Gap between the top quartile enhanced rate and bottom quartile standard annuity is 30% Difference in rate equates to £17,000 in missed income over...


25 Jun, 2014, 13:41 BST Over 55s Think Pension Guidance Should be Independent from Pension Providers

Four in five (83%) of the over 55s think a pension guidance guarantee should be impartial and independent from any pension provider Nearly a quarter...


23 Jun, 2014, 11:03 BST MGM Advantage Calls for all Annuities to be Bespoke to an Individual's Circumstances

MGM Advantage, the retirement income specialist, is calling on the industry to follow its lead in ensuring all annuities reflect personal...


06 May, 2014, 11:40 BST Same As It Always Was...Risk-Free Lifetime Income for Those With Common Health Conditions

New insight from MGM Advantage, the retirement income specialist, reveals that thousands of pounds worth of income from enhanced annuities goes...


04 Feb, 2014, 13:42 GMT Retirement Rescue Plan Launched to Stem £435m Loss in Retirement Income

Ahead of the FCA Thematic review of the annuity market, MGM Advantage, the retirement income specialist, has launched a plan which it hopes will help ...


09 Jan, 2014, 11:04 GMT 4.5 Million Retirees Making Cutbacks to Make Ends Meet

4,480,000 retirees (41%) have cut back on spending over the past year to cover the rising cost of living 2,940,000 retirees (27%) have cut back on...


16 Oct, 2013, 10:30 BST Annuity Rates Hit a Two-year High

Average annuity rates have increased by a record 6% in the third quarter of 2013, the biggest movement in rates since 2009[1] Rates are up by 12%...