MGM puts back launch of flexible annuity

Pow, Helen
October 2009
Money Marketing;10/8/2009, p5
The article reports on the postponement of MGM Advantage on its income annuity launch on September 1, 2009 due to its problems on product design in Great Britain. It notes that the annuity offers increase income over time and guarantees customers on a minimum income set at 50% benchmark annuity. According to Aston Goodey, MGM Advantage sales and marketing director, product delay is the right strategy move for the company.


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