Billy Burrows has left Better Retirement Group to take up the post as head of business development at the Annuity Line.
Mr Burrows’ company William Burrows Annuities was taken over by Better Retirement in 2010. His departure follows the recent closure of the London office of the firm, which is also based in York, as part of a restructuring move.
Mr Burrows told FTAdviser that the annuity broking market has “changed beyond all recognition” and that with the Retail Distribution Review, more and more people are looking for better rate services rather than more in-depth analysis, which resulted in Better Retirement looking to cut costs.
David Slater, chief executive of Annuity Line, said Mr Burrow’s appointment will enable the firm to raise Annuity Line’s profile in the annuity market and to develop exciting new propositions for our individual clients, advisers and corporate clients.
Mr Burrows said: “As someone who is passionate about ensuring clients get the best outcomes at retirement this is a great opportunity to help Annuity Line reach a wider audience.
“With Annuity Line’s own bespoke market leading software, we are able to present clients with immediate guaranteed quotes for all types of annuities including many enhanced and more options than most other annuity specialists.
“This must be good news for those retiring at a time when annuity rates are still at historically low levels”.
