Former pensions minister Steve Webb has been awarded an honorary lifetime fellowship by the Pensions Management Institute (PMI).
Webb (pictured above), who was at the centre of pension policy for five years, oversaw the creation of the National Employment Savings Trust (NEST), the start of auto-enrolment and the introduction of freedom and choice.
The award announced during PMI's annual dinner held yesterday evening was made in recognition to the "significant difference to the world of pensions" that Webb contributed during his time as minister.
In addition a special lifetime services award was given to Vince Linnane, the outgoing chief executive of the PMI, while Maggy Eriksson of Aon Hewitt and former NEST chief executive Tim Jones, were also recognised.
Eriksson was awarded the ‘contribution to the PMI' award for chairing the board of examiners for over seven years, and Jones, won the ‘contribution to the pensions industry' award for his work which helped make the concept of auto-enrolment deliverable.
PMI president Kevin LeGrand said: "There has never been a more important and transformational time for the world of pensions, and both Maggy and Tim, in very different but vital ways, have been instrumental in helping our industry make a success of these developments. Steve Webb, who made a significant difference to the world of pensions in his time as pensions minister, has been awarded an honorary fellowship in recognition of that work.
"We also wanted to take this opportunity to mark the dedication and commitment over the past 32 years of the PMI's chief executive, Vince Linnane, with a special lifetime services to the PMI Award."
The PMI hosts its awards annually to recognise the work of key individuals from the pensions industry.
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