As a mutual Society, it’s really important for us to show our members and customers that we run the business efficiently, effectively and legally.
We have to meet legal and regulatory requirements, which are designed to safeguard the interests of MGM's members and its policyholders.
Here are the key documents explaining MGM’s responsibilities and reporting arrangements.
Membership Documents
Annual General Meeting
The AGM took place on Wednesday 26 May. Details of the 2011 AGM will be announced here and invitations will be sent to members in April 2011.
The Society’s Articles of Association
The Articles specify the governance arrangements for MGM and carry the force of the Companies Act. The Articles may only be amended with the specific approval of MGM’s members.
Read more...
The Annotated Combined Code for Mutuals
This Code, which is endorsed by HM Treasury, sets out corporate governance standards for mutual insurers, such as MGM. Although it is not mandatory, it operates on a “comply or explain” basis and so any material failure to comply has to be reported in the annual Report & Accounts. MGM complies with the Code in all material respects.
Read more...
Long Term Incentive Plan Rules
Read more...
2009 Directors' Annual Report on the Management of the With Profits Fund
Read more...
2009 Annual Report of With Profits Actuary
Read more...
The Principles and Practices of Financial Management (PPFM)
The PPFM, the content of which is prescribed by the Financial Services Authority, sets out the rules and practices by which MGM will manage its with-profits funds. There is also a simplified “customer friendly” version.
Read more...
What do you think?
If you are an MGM member, you can take our survey and tell us what you think
Take the survey
| Terms and Conditions
MGM Advantage is Britain's longest-registered company and is authorised and regulated by the Financial Services Authority © MGM 2009