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

Event Voice: Stepping out of cash into the Credit Sweet Spot

Event Voice: Stepping out of cash into the Credit Sweet Spot

Peter Marsland, Fixed Income Investment Specialist, from Aberdeen discusses the Short Dated Enhanced Income Fund at the June Fixed Income Market Focus.

Peter Marsland, Fixed Income Investment Specialist
clock 08 July 2025 • 4 min read
Investors undergo 'buyers' strike' in June sending order values to two year low

Investors undergo 'buyers' strike' in June sending order values to two year low

Middle East conflict did not deter investors

Eve Maddock-Jones
clock 08 July 2025 • 2 min read
The big questions around re-evaluating risk for the retail investment industry

The big questions around re-evaluating risk for the retail investment industry

Discussions at Global Investment Management Summit

Katrina Lloyd
clock 08 July 2025 • 8 min read
Trustpilot