Clive Cowdery and Nest boss make New Year Honours list

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Resolution founder Clive Cowdery and former Nest boss Tim Jones are among the financial services names to be recognised in this year’s New Year Honours list.

Cowdery set up the insurance sector consolidation vehicle which acquired Friends Provident, Axa’s UK life and pensions business and Bupa. Friends Provident and the Axa businesses were merged to create Friends Life, which subsequently merged with Aviva last year.

Cowdery has been given a knighthood for services to children and social mobility for his work through the Resolution Foundation.

Former Nest chief executive Tim Jones has been awarded a CBE for services to the pensions industry and pension provision.

Nest chairman Otto Thoresen says: “Tim’s personal contribution to getting Nest up and running was huge. This is deserved recognition of a job well done.”

HM Revenue & Customs chief executive Lin Homer has also been made a dame for public service, particularly in relation to public finance.

It was reported in November HMRC is to close all 170 of its offices, risking thousands of jobs, in a bid to deliver £100m in savings by 2025.