MGM Advantage confirms gender pipeline strategy

clock

MGM Advantage has confirmed its annuity quoting structure and business model for the period leading up to the EU gender ruling on 21 December.

The changes will effect the group's enhanced annuity and flexible income annuity from now until the ruling. MGM said it normally offered a 45 guarantee for quotes for its enhanced annuity, but due to the ruling from 6 November the guarantee will reduce. Guarantees will stand until 20 December. The firm said a fully completed application form, all ceding funds and all supporting documentation must be submitted by 20 December in order to secure a rate quoted on the pre-gender basis. Its pricing will change to become compliant with legislation in December and its 45 day quote guarantee ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

The role of annuities: 'Placing the onus on savers to act autonomously is improvident'

The role of annuities: 'Placing the onus on savers to act autonomously is improvident'

'Savers have reacted positively to this so-called "flex-then-fix" approach'

Matthew Morris
clock 24 September 2025 • 3 min read
A refreshed conversation on retirement – the road to a rewarding later life

A refreshed conversation on retirement – the road to a rewarding later life

‘Retirement is not a once-and-done process’

Lorna Shah
clock 05 September 2025 • 4 min read
UK borrowing costs rise as gilt yields surge to near 27-year high

UK borrowing costs rise as gilt yields surge to near 27-year high

30-Year gilt yields rose to highs last seen in 1998 on Monday

Linus Uhlig
clock 19 August 2025 • 2 min read