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 guarante...
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