Former U.K. pensions minister Steve Webb was awarded a knighthood in the 2017 New Year's Honors list.
Mr. Webb was recognized for political and public service. He was pensions minister between 2010 and 2015. He is now director of policy and external communications at Royal London Asset Management. The list was published Dec. 30.
A knighthood is awarded to those making a major contribution in any activity, usually at a national level, according to the government's website.
“It is humbling and unexpected to receive an honor of this sort. Without the partnership of the many people I have worked with over the years on a range of pensions issues and campaigns it would not have been possible to deliver the reforms that I have been involved with,” Mr. Webb said in an e-mail.
A number of other pension and money management executives also were recognized. Sheila Nicoll, head of public policy at Schroders, was awarded Officer of the Order of the British Empire for work with financial services and voluntary service.
And the U.K. pensions watchdog, The Pensions Regulator, had a double OBE celebration. Charles Counsell, executive director, automatic enrollment, was recognized for contribution toward workplace pension reform. Actuary Andrew Young was recognized for services to pension policy and retirees.
This year, 1,197 people were honored on the list.
This article originally appeared in the January 9, 2017 print issue as, "U.K. industry execs feted for national service".