Latest news for MGM Advantage

Significant differences between the best and worst annuity rates

(06/07/2010)

According to the latest results from the MGM Advantage Annuity Index, the difference between the income paid on top and bottom quartile enhanced annuities is continuing to grow. It shows that over an average retirement, men could now be £10,129 worse off and women £11,351 worse off if they chose a bottom quartile enhanced annuity for their £50,000 pension pot. The Index also shows that annuity rates have fallen by nearly 3% since June 2009. Th... [more]

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