Am I a member?

As a mutual Society, we have no shareholders and are owned by a group of policyholders who are members of the Society.

Our members are those customers who hold policies invested in our conventional or unitised With Profits funds, or in our Flexible Income Annuity.

A full list of qualifying membership products can be found below.

In the majority of cases if you hold one of these qualifying products you will be a member. However, there are some pension products where the member will be the Trustees of the overriding scheme, rather than the individuals within it. These products are shown below.

If you are still unsure whether you are a member, or if we can help you in any way, please contact our customer service team any weekday between 8am and 6pm on 01903 836063 or email us at customercentre@mgmadvantage.com.

Policies that Definitely Qualify:

Product NameProduct TypeProduct CategoryQualifying Member
Whole of Life With ProfitsConventional Whole of LifeCWPPolicyholder
Maturity Plus Plan OptionWith Profit Whole of LifeUWPPolicyholder
Endowment Assurance (With Profits)Conventional Endowment AssuranceCWPPolicyholder
SelectaplanConventional Endowment AssuranceCWPPolicyholder
Flexible Income AnnuityPension AnnuityUWPPolicyholder
Design For Retirement Annuity PlanIndividual Pension PlanCWPPolicyholder
Self Employed Retirement PlanIndividual Pension PlanCWPPolicyholder
With Profit BondInvestment BondUWPPolicyholder

Policies that Qualify where an Investment is held in the MGM Bonus Growth Fund:

Product NameProduct TypeProduct CategoryQualifying Member
Flexible Homebuilder Plan Unit Linked EndowmentUWPPolicyholder
Flexible Protection Plan Unit Linked Whole of LifeUWPPolicyholder
Free Spirit Unit Linked Whole of LifeUWPPolicyholder
Maximum Allocation Plan Maturity OptionUnit Linked Whole of LifeUWPPolicyholder
Capital Investment Bond Investment BondUWPPolicyholder
Celebration Bond Investment BondUWPPolicyholder
Investment Portfolio Bond Investment BondUWPPolicyholder
MGM International Bond (any) Investment BondUWPPolicyholder
Millennium Bond Investment BondUWPPolicyholder
Personal Income Portfolio Investment BondUWPPolicyholder
Personal Retirement Plan Individual Pension PlanUWPPolicyholder
Maximum Allocation PlanSavings PlanUWPPolicyholder
MIDAS Plan Savings PlanUWPPolicyholder
Personal Investment Plan Savings PlanUWPPolicyholder
Qualifying Investment Plan Savings PlanUWPPolicyholder
Qualifying Savings Plan Savings PlanUWPPolicyholder
Savings Plan Savings PlanUWPPolicyholder
Flexible Savings Plan Savings PlanUWPPolicyholder

Policies where the Pension Scheme Trustee(s) is (are) the member(s) if the Scheme has members / policies with an investment in the MGM Bonus Growth, or MGM Coventional With Profits funds:

Product NameProduct TypeProduct CategoryQualifying Member
Executive Pension PlanGroup Pension PlanUWPScheme Trustees
Trustee Investment BondGroup Pension PlanUWPScheme Trustees
Additional Voluntary Contributions PlanGroup Pension PlanCWPScheme Trustees