Re-branded MGM to become annuity specialist

The company will provide a range of enhanced annuities covering a wide spectrum of health conditions through its Design for Retirement operating unit, and aims to become one of the top three annuity providers in the market. Chris Evans, chief executive of MGM Advantage, said: "We believe that consumers aren't getting the widest range of options they need at retirement, so we're preparing to make the most of our mutual status to truly deliver great value products. "Our new division, Designs for Retirement, will be led by Craig Fazzini-Jones who understands the annuities market extremely...