1 - Don't Fail to Claim What is Rightfully Yours
Make sure you shop around
Compare MGM Advantage annuities with the other top pension annuity providers
Many retirees fail to exercise their right to choose their annuity using the open market option (more about the open market option below). We help ensure that you don't fall into the same trap.
The more information you have about your annuity choices, the more able you will be to recognise the best advice when you receive it. You may even be more suited to the annuity alternatives currently available, such as capped drawdown.
But first, what is a pension annuity?
An annuity is an arrangement where you make a lump sum investment and, from this investment, you receive a guaranteed level of income. Most annuities are bought using funds held in pension schemes. An annuity is payable for the rest of your life, although it's possible to select a fixed period if purchasing an annuity with cash rather than pension funds.
2 - The Open Market Option for Buying MGM Advantage Annuities
Why the open market option is good for you
Why you HAVE to compare pension annuities
Under the government initiative called the 'Open Market Option' you can transfer your pension fund to any annuity provider, not just your current pension fund provider.
Figures show that you can make a SIGNIFICANT difference to your yearly income if you shop around.
Thousands of people retire every week in the UK. Many of them still don't use the Open Market Option because they either don't realise they can or are simply unaware of the benefits of doing so.
As a result of this lack of "insider" knowledge, The Association of British Insurers now works with the retirement industry to educate consumers about their options. The main aim of the ABI's initiative is to help you achieve better annuity returns than is offered from your current pension provider. You should ensure that you exercise this advantage, the right to choose the best annuity scheme.
3 - Take Advantage of a Higher Annuity Income
Make sure you recognise the best advice when you get it
Understanding pension annuities
When your pension fund reaches maturity, your pension provider will advise you of the fund value, and general information about annuities and the level of annuity income you would receive.
You are then allowed to transfer the fund value to another annuity provider of your choice. A higher annuity income may be available from a different provider.
The difference between the best and worst annuity incomes can be very surprising. There are a wide range of options which can be selected when choosing an annuity scheme, it is essential that you receive good advice.
4 - Compare and Choose Annuities
Exercise your right to choose
Compare the Options
The quick contact form below will put you in touch with your own personal annuity consultant (not a call centre) whose aim it will be to advise you which annuity or annuity alternative is best for you. Not only will you discover how to maximise your income, but they'll also explain why a particular scheme may suit you best. A home visit is not necessary.
An Independent Financial Adviser will compare top annuity companies with MGM Advantage to help you choose which one is the best for you. It really is very simple.
5 - Make Contact
Take action now and uncover the differences
Receive a FREE MGM Advantage Annuities Comparison Quote
Please complete the free no-obligation enquiry form to contact your personal adviser and see the surprising differences between one annuity and another. Remember your enquiry is free.
There is no charge for us investigating your policy and you are under no obligation to follow any recommendations that are made.
By using a broker's service you will get advice that is paid for by the annuity company. You will not have to pay them a fee as your broker will receive a commission payment direct from the recommended annuity company. Your adviser's costs are already factored into the income that you are offered by the annuity provider. Commission is paid, but this can be refunded should you wish to pay via a fee.
GET FULLY CONFIDENTIAL MGM ADVANTAGE ANNUITY COMPARISON QUOTES WITH NO OBLIGATION