Thoresen to leave ABI for NEST

clock

Association of British Insurers(ABI) director general Otto Thoresen is to step down in 2015 to chair the National Employment Savings Trust (NEST).

Huw Evans, the current deputy director general of the ABI, will succeed Thoresen as director general in February 2015. 

Thoresen said: "It has been a privilege to lead the ABI during a critical point in its evolution. While it will be a personal wrench to leave the organization, the opportunity to chair the trustee board of NEST at a key stage in the delivery of pension reform was an opportunity I couldn't pass by.

"The role also gives me the scope to develop some of my other interests, in the third sector and elsewhere." 

At NEST, he will replace outgoing chairman Lawrence Churchill.

Thoresen's past achievements include the Thoresen Review, which called for a national money guidance service.

His successor, Huw Evans, will inherit a modernisation agenda overseen by chairman Paul Evans.

Paul Evans said: "The board were unanimous in their support for Huw’s succession, noting the key role he has played in driving the policy agenda, but also in his determination to enhance further the efficiency and effectiveness of the ABI."

 

More on Investment

Partner Insight: How effective are impact investments?

Partner Insight: How effective are impact investments?

Impact investing has transformed over the past decade, giving investors the opportunity to pursue both financial returns and social and environmental outcomes.

Sarka Halas
clock 27 March 2024 • 2 min read
Partner Insight: High-yield investors should keep a close eye on the default cycle

Partner Insight: High-yield investors should keep a close eye on the default cycle

As central banks start to think about cutting interest rates, forecasts for a peak in credit default rates are not far behind — and could happen sooner than expected, says Wellington Management’s Alex King.

Sarka Halas
clock 27 March 2024 • 2 min read
Partner Insight: Navigating a new era for investing

Partner Insight: Navigating a new era for investing

Across the developed world, inflation is back and here to stay, says Wellington Management’s John Butler.

Sarka Halas
clock 13 March 2024 • 2 min read
Trustpilot