Annuity expert Billy Burrows is teaming up with actuary and pension
consultant Aspen to set up a specialist annuity IFA. William Burrows
Annuities will become part of Aspen's fee-based subsidiary, Aspen
It will provide a mainly fee-based advisory service on all aspects of
annuities and income drawdown. Aspen says its decision to expand into the
retirement income market is driven by the growing importance of annuities
and drawdown. It also cites the Government's encouragement of new and more
flexible annuity contracts.
Burrows was business development director at Prudential Annuities before
leaving in September 2000 to launch the Askannuity.com website. He will
become director of William Burrows Annuities.
Aspen managing director John Hough says: “The whole area of annuities and
pensions in payment is growing in importance, particularly as more
employer-sponsored pension arrangements are switching from the traditional
final-salary structure. We are keen to be at the forefront of giving advice
in this area.”