Despite the latest annual CPI inflation rate falling to 3.6%, MGM Advantage, the retirement income specialist, estimates that collectively UK households still need to find an extra £33 billion1 to maintain the same standard of living enjoyed 12 months ago.
New report: Society undervalues retired population
MGM Advantage is calling for fundamental changes to ensure that the Retirement Nation gets the respect and support it deserves from society, the media, the financial services industry and the government. Its recommendations and key findings are...
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Annuity rates likely to fall further following the Bank of England decision on QE
MGM Advantage, the retirement income specialist, is warning that annuity rates are likely to fall further following the Bank of England decision to pump £50 billion into the UK economy by way of quantitative easing.
Annuity rates continue to plummet, according to MGM Advantage’s Annuity Index
Average conventional and enhanced rates fell by 4.70% and 2.45% in just three months
MGM Advantage appoints new Non-Executive Director Philippa Dickson
Philippa has substantial operational and general management experience developed from working within the FMCG, airline and financial services sectors.
UK Households still need to find an extra £38 billion despite latest fall in CPI figure
Despite the latest annual CPI inflation rate falling to 4.2%, MGMAdvantage, the retirement income specialist, estimates that collectively UK households still need to find an extra £38 billion to maintain the same standard of living enjoyed 12 months ago.