Our vision

Simply put – to offer the most attractive scheme solution to the DC challenges faced by scheme sponsors, Trustees and members. To do this through meaningful engagement, ensuring members are informed and empowered to achieve their best outcome; and to ensure that the scheme supports key objectives for the organisation offering this scheme by creating a benefit with real perceived value for their employees, whilst reducing risk and cost.


The Trustees of the National Pension Trust are independent, professional and selected both for their wide experience in supporting schemes over many years – and their individual complementary skill sets.


Ian Davies - Chair of Trustees

Ian Davies – Chair of Trustees is a Senior Partner at Eversheds-Sutherland LLP and has 30 years pensions experience.  Ian is a member of the Association of Pension Lawyers, the Assocciation of Member Directed Pension Schemes and a former Chairman of his local NAPF.  Ian is a Trustee to DB and DC pension schemes, including a number of Mastertrusts.

Michael Brown – Trustee, is Principal at Portsoken Consultancy Limited and has over 45 years' pensions experience and was previously Director of Business Risk and Compliance for Independent Trustee Services Limited.  He has been Trustee to several large schemes.

Gurmukh Hayre – Trustee is a Director of Hayre Trustee Services Limited. An experienced ex-KPMG partner, who specialises in all areas of pensions including, governance, risk management, investment, administration and communication. Gurmukh’s has been advising employers, trustee boards and governance committees on defined benefit, defined contribution and associated benefit schemes for over 28 years.

Joanne Powell - National Pension Trust

Joanne Powell – Trustee, has extensive Pension, HR and employee engagement knowledge. She has served as a Trustee on a number of DB and DC pension schemes, notably heading up Administration and Communications Sub-Committees.  A Fellow of the Chartered Institute of Personnel and Development, Joanne has held a number of senior HR roles, including the UK & Ireland HR Director for a multi-national IT organisation.

Joanne Powell - National Pension Trust

Gerald Wellesley – Trustee is a Client Director at Punter Southall Governances Services Limited. He has over 30 years’ experience in the finance industry including 13 years as pension trustee in both DB and DC arenas where he has gained experience across a broad range of strategic and routine scheme management matters. Gerald’s particular interests are in the areas of investment, covenant and effective communication - especially in DC. 



Mastertrust Assurance Framework (MAF).  We have obtained the Mastertrust Assurance Framework (MAF) accreditation. This demonstrates that your scheme has been subject to an independent review of the design and effective operation of its governance and administration practices against a defined set of control objectives (as set out in AAF 02/07) and as agreed by The Pensions Regulator.


This has become a quality standard for mastertrusts, and requires the appointment of an independent audit firm (in our case, RSM) to assess the strength of controls and processes that sit around scheme design and delivery.

Pension Quality Mark (PQM) Ready. This kitemark is supported by the PLSA, and means that the National Pension Trust has been assessed for the strength of its governance and member communications and fastracks any adhering employers scheme through the PQM process (provided their scheme contributions meet minimum).

Retirement Quality Mark (RQM). Newly launched, an additional independent industry accreditation awarded by the PLSA.  Like PQM for accumulation schemes, it assesses the quality of a scheme offering member support in decumulation.  
We are delighted that NPT is one of only 3 UK DC schemes to have been awarded the RQM! 


Investors in People. XPS Administration, who provide administration and consulting services to the Trust, has been awarded silver level accreditation by Investors in People - the international standard for people management.



Meet the Team

Dave Hodges

Dave Hodges is Head of National Pension Trust and has overall responsibility for NPT. He has over 30 years experience in corporate DC having spent most of his career at Zurich where he was a senior executive for Zurich Corporate Savings, responsible for most aspects of client service delivery, new business development and strategic partnerships.  He also served as a Director on a number of Zurich subsidiary boards and was a Trustee Director of the £7bn Zurich Financial Services UK Pension Fund.


Ken Anderson is Head of DC Solutions at XPS and has overall responsibility for the National Pension Trust proposition.  He is a member of the PLSA master trust council and regularly engages with the DWP, Pensions Minister, Regulator and other industry bodies in connection with the development of master trusts in the UK.

Paul Armitage is responsible for business development for the National Pension Trust. He has a background in DC consulting, previously leading national teams for HSBC and JLT.

Simon Hazeldine - National Pension Trust

Simon Hazeldine is the National Business Development Manager for the National Pension Trust, responsible for its development across all regions and maintaining its profile amongst our key target areas, including employee benefit consultancies and industry bodies. Simon has worked as a Director and Consultant at a number of major UK employee benefit consultancies, with over 30 years’ experience of providing guidance on both pension and employee benefit matters.

Laura St John - National Pension Trust

Laura St John heads up the National Pension Trust administration team.  Based in our Reading office, Laura is responsbile for the team of over 20 administrators.  She has over 16 years' experience within the pensions administration industry. 

Ian Johns - National Pension Trust

Geoff Clarke is a Director, Head of XPS's Belfast office and DC specialist for Scotland and Northern Ireland. He is a Fellow of the Personal Finance Society and a Chartered Financial Planner, with 24 years of professional experience.



Key Partners


Our investment range has been created to meet the needs of our members, and is based on our many years of experience in DC design – providing appropriate choice whilst not looking to overwhelm or confuse.  There are three different paths for members to take...

Help me choose

For those who prefer not to choose individual funds but still want some input to investments, there are five risk-based growth strategies to choose from, plus seven income alignment strategies to target different outcomes five or three years from retirement.

I can do it

This gives the member full control, selecting from any of the 19 funds.  These are all white-labelled, combining the skills of leading fund managers and allowing the Trustees to change managers without member involvement when the investment environment changes.

Life Stage strategy

If members are uncomfortable making an investment decision, they can remain in the Life Stage strategy (the Trust’s default investment), which automatically shifts investments to reduce volatility as they approach retirement. 

Supporting Members

Our web portal has been designed to provide an engaging experience for Trust members. It provides information which is easy to understand and through interactivity with tools and modellers, we have created a user experience which should aid understanding.

We also recognise, at times, people need to talk to someone about their options, to aid understanding.  Our trained specialists, based in our Reading office, are available on the phone, or via email, to help members with their questions.

Modelling Outcomes

Supporting decisions