Outgoing Old Mutual Wealth chairman Paul Evans announced at his chairman’s dinner this week that the firm will rejoin.

Steven Levin, CEO, investment platforms at Old Mutual Wealth, said: “As the UK’s leading wealth management company we want to ensure that we are actively engaged in key debates that impact our customers.

“We are members of a number of trade bodies, reflecting that we work across a broad range of financial services sectors. We are pleased to be joining the ABI and supporting them as they continue to evolve to become a leading voice for the long-term savings market.”

Huw Evans, director general of the ABI, said: “The long-term savings market is evolving rapidly and the ABI is changing fast to ensure we are fit for the future too. Old Mutual will bring a valuable market perspective to our public policy and regulatory work and will help ensure a strong industry voice on key issues.’

The Association of British Insurers is the trade association for insurers and providers of long term savings. Its 250 members include most household names and specialist providers of financial products in the UK who contribute £12bn in taxes and manage investments of £1.9trillion.