Investment - Articles - MGM Advantage joins forces with SimplyBiz


 Five Verbatim funds now available for the MGM Advantage Flexible Income Annuity

 MGM Advantage, the retirement income specialist, today announced that it has partnered with SimplyBiz Group ("SimplyBiz") enabling their advisers to offer five new Verbatim funds in addition to the existing seven funds for its investment backed annuity.

 The MGM Advantage Flexible Income Annuity is an investment-backed annuity that allows clients to choose their investment strategy and income levels at various stages of their retirement from a range of funds.

 Verbatim provides advisers with a bespoke risk assessment tool enabling them to thoroughly assess clients' risk profiles and then accurately match them to the right fund and asset allocation. The Verbatim funds are managed by experienced fund managers, including Henderson, Schroders, Ignis and Architas.

 The existing MGM Advantage Flexible Income Annuity funds are managed by Jupiter, Newton, JP Morgan, Vanguard and Insight Investment.

 Aston Goodey, Sales and Marketing Director, MGM Advantage, comments, "Partnering with SimplyBiz means we can now offer a wider choice of funds to their clients, further enhancing the flexibility of our investment-backed annuity.

 "With rising inflation and falling annuity rates, retirement income is being thoroughly squeezed. We are able to offer people the opportunity to accept levels of risk they are comfortable with to try and protect against these pressures, along with the flexibility to change their income levels at key stages of their retirement."

 Neil Stevens, Joint Managing Director of SimplyBiz and MD of the firm's investment group, said, "We're delighted to be working with the team at MGM to deliver cost effective and client centred investment solutions within an innovative retirement product. Our two organisations share an ethos of putting the advisers' knowledge of their particular client at the centre of product and investment design."
  

Back to Index


Similar News to this Story

Targeted Support major step towards addressing support gap
Targeted Support is poised to play a pivotal role for potentially millions of non-advised individuals. Non-advised could be supported with at retireme
FCA proposals for millions to navigate their financial lives
Millions more people could get help navigating their financial lives with support on pensions and investments, under proposals announced today by the
Comments on FCA proposals on navigating financial lives
Aviva, Just Group, Standard Life, Scottish Widows and the ABI comment on FCA proposals on navigating financial lives

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.