MGM Advantage has appointed Phil Naylor to the newly created role of pricing and longevity director, where he will manage the annuity business, including underwriting and pricing products.
He will also work on the firm’s new advised-only Retirement Account, which aims to meet savers’ post-Budget appetite for guaranteed income as well as flexibility over how they access their savings.
He will report to chief operating officer Craig Fazzini-Jones, who says: “2015 is going to be a momentous year for the pensions industry so to have someone of Phil’s experience on the team will be invaluable to us.”
Naylor says: “We are entering a period of significant change, with the spotlight firmly on the retirement market. It is a great time to be able to join a company which has ambition and is in a strong position to be able to continue to support customers and their advisers.
“There is still clear demand from the market for sustainable lifetime income products so I look forward to working with colleagues to help develop our proposition to continue to meet customer needs.”