Billy Burrows has a good deal of experience in advising scheme trustees and members about annuity options. He set up a joint venture with Aspen Annuities which provided annuity services to corporate schemes such as Whitbread, Offcom, Securitas and EDF energy. In 2007, Aspen plc was sold to Capita and the joint venture was terminated
Trustees, scheme administrators and members can register for the Gold Service
Experience has shown that a successful corporate annuity services includes the following:
- On-line annuity calculators for members
- Clear and easy to understand member communications
- Best value for members, including ill health annuities
- Individual contact / advice for members when required
- Efficient administration process and regular reporting and monitoring
- Independent Financial Advice for members with larger funds
- Strategic advice for trustees
Most corporate annuity providers can provide some of the above, but few can
provide them all. Perhaps the most important area is "Advice". We believe
that although the core annuity service can be set up as "self select", It
is not possible to provide a satisfactory annuity service without having the
ability to provide independent advice. The key issues are:
- Advice to members with modest funds on products such as "With-Profits Annuities"
- Advice to all members on the new annuity products
- Advice to members with larger funds on the full range of options including Drawdwon (Unsecured Drawdwon)
Contact Billy Burrows for information
