Insurance lobby head set to become NEST chairman

first_imgIt was created under UK legislation and backed by a loan from the UK Department for Work & Pensions (DWP).Thoresen’s current insurer members operate in a direct rival capacity to NEST, with some offering contract-based defined contribution workplace savings vehicles for auto-enrolment.Churchill was appointed in 2010 and oversaw the beginning of auto-enrolment in 2012 that led to NEST housing more than 1.5m savers from more than 9,000 employers.Thoresen will be replaced by Huw Evans, current deputy director general at the ABI.Pensions minister Steve Webb and outgoing chair Churchill both highlighted the wealth of experience of Thoresen, who has held a number of senior roles at insurance companies and led a government review into generic financial advice in 2008.Webb said: “I would like to thank Lawrence for his dedication in making NEST a reality and for successfully steering it through its early years.“I am confident Otto’s appointment will ensure NEST continues to effectively support the introduction of automatic enrolment.”Churchill added: “I have relished my time at NEST, but, now my term is drawing to a close, I am absolutely delighted I will be handing over to somebody of this calibre.”Thoresen said he was delighted for the opportunity to work with the NEST trustee board.“NEST has a key role to play in the future of pension provision,” he said.“It has been a privilege to lead the ABI, and, while it will be a personal wrench to leave the organisation, this opportunity at a key stage in the delivery of pension reform was an opportunity I couldn’t pass by.”Thoresen said his chairmanship at NEST would also allow him focus more on his charitable work.The chairman will dedicate two and half days to NEST and is remunerated just over £90,000 (€113,000). The UK government is to appoint Otto Thoresen, acting director general of the Association of British Insurers (ABI), as chairman of the National Employment Savings Trust (NEST).Thoresen, who has led the UK’s insurance lobby group since 2005, was also chief executive at Aegon Group between 2005 and 2011.He replaces Lawrence Churchill, who steps down in February 2015 after five years in the role.NEST, the government-backed master trust, was created for the rollout of auto-enrolment, operating with a public-service duty to accept all employers regardless of size.last_img read more

Making her mark on the world stage – athlete Natricia Hooper

first_imgEIGHTEEN-year- old Natricia Hooper is really beginning to come into her own and make everyone sit and notice just how good an athlete she is, and how great she will be.Currently on her indoor season in the United States, the CARIFTA Games silver medallist recently broke past the 13-metre mark in the female triple jump, a goal she has been hoping to achieve since last year, but just could not. But giving up is not a part of Hooper’s character.“Failure will never overtake me, if my determination to succeed is strong enough” is the policy Hooper lives by.At the New Balance Track a few weeks ago, Hooper cleared 13.20m while participating in the Artie O’Connor Invitational. It marks a new personal best for the South American Youth silver medallist, and is quite an improvement from the 12.19m she jumped a year ago, when she won silver at the CARIFTA Games.The jump placed Hooper among the top-ten best junior female performances in the world for the 2017 season, as listed on the IAAF official website. At that time the jump placed Hooper fourth on the list of indoor jumps worldwide. She has since slipped to number six as performances continue for the season.The list is currently headed by Viyaleta Skvartsova with a jump of 13.69m. Guyana’s national women’s indoor record stands at 13.62m, outdoor record is 13.72m. The jump came at a time when Hooper was focusing more on her 400m training.Not to say that the quarter-miler hasn’t also been seeing improvement on the track.At the same meet Hooper clocked 55.98 seconds in the 400m, an improvement after she had struggled to get below the 56 seconds mark.That timing had her finishing third in that race. Her personal best in this event 55.06 seconds, which she achieved in 2014 when she took that silver at the South American Youth Championships in Colombia.It’s been a while since she’s come that close. However, she’s hoping to bring that down to at least 53 seconds before the year is up. The going time for this season’s indoor junior female 400m is 53.05 seconds, clocked by USA’s Candace Hill last month.As her season progresses she’s looking forward to representing Guyana at a number of meets.Topping the list is her hope of returning to the CARIFTA Games, which is set for next month. Her recent performances in both the triple jump and 400m already surpass the Athletics Association of Guyana’s (AAG) qualifying marks. The junior female triple jump CARIFTA standard is 12.60m, the 400m is 55.50 seconds.She’s also eyeing the South American Junior Championships in May.Hooper is in a great position to achieve her goals once she keeps focused. The former New Campbellville Secondary student is currently attending Essex County College, where she’s studying Business and Training.Open to her are a number of opportunities to compete on a regular basis, against creditable competitors, something she could not have had at home.Ultimately she hopes to land a deal with Nike as a professional athlete, and of course no athlete is an athlete without that Olympic medal aspiration.last_img read more