Tim Jones, who moved on to help set up a new company called Tibado in February, has been given the gong for services to the pensions industry and pension provision.

Helen Dean, his successor as chief executive of NEST, said: “This is a fantastic testament to all that Tim Jones achieved as chief executive of NEST. We’d like to offer our hearty congratulations to Tim on being awarded a CBE, it’s very well deserved.

“Under Tim Jones’ leadership we created a fantastic pension scheme that will benefit millions of people for generations to come. The hard work isn’t over yet – there are 5 million more people and 1.8 million employers coming under the duties over the next few years. I’m really enjoying picking up the baton from Tim and look forward to helping NEST tackle the challenges ahead.”

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

Other awards in the financial services sector included:

OBE

Gay Evans
Financial Services and Regulatory Expert. For services to Financial Services and Diversity.

Charles David Randell
External Member, Prudential Regulation Authority and Non-Executive Director, DECC. For services to Financial Stability and Climate Change Policy.

CBE

Graham John Beale
Chief Executive Officer, Nationwide Building Society. For services to the Financial Services Sector.