The panel comprises a range of different annuities which will help Openwork advisers secure the best retirement income solutions for their clients.
MGM Advantage was selected to join the panel based on the success of its investment- backed annuity, the Flexible Income Annuity.
The product, which launched in February 2010, gives customers the potential to receive a greater income than through a fixed conventional annuity and the flexibility to change income levels at different stages of retirement. The Flexible Income Annuity offers unique access to a range of unit-linked funds from Newton, Jupiter Merlin, JP Morgan, Vanguard and Omnis.
Aston Goodey Sales and Marketing Director, MGM Advantage, commented:
"We are thrilled to have been selected to join Openwork's new annuity panel. It's an endorsement of the suitability of this product to people retiring today, the ease of recommending a simple, transparent and flexible product with a market leading investment proposition."
"This is a great tool for advisers who are faced with a variety of circumstances and they will now be manned with the top providers across the annuity market. We fully support any initiative that will result in people receiving the best possible income in retirement."
