Better Retirement Group managing director Tim Eadon has left the firm he founded to set up his own venture.
Eadon, who was chief executive of the Personal Finance Society from 2006 to 2008, is setting up his own advice business as he looks to take advantage of growing interest in pensions following the April freedoms. Better Retirement directors Simon Whitehead and Stuart Bayliss will run the company following Eadon’s departure.
Eadon’s new firm, Tuto, will employ four staff at its head office in Peterborough, and six field-based advisers. Eadon will work from York.
Eadon says: “I’m starting up on my own. I’m looking to work from home, I’ve got a lot of pensions experience and with the new opportunities from April I’ve got a lot of good friends and contacts who can feed business to me.
“It will be a pension release business to take advantage of the new rules and people having access to their cash. People will be making enquiries about doing lots of things with their pension pots and I’d rather it was with me than anyone else.”
In 2013 Better Retirement closed its London office to cut costs, with director Billy Burrows also leaving the firm.