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The Trustee

The Trustee of the Scheme is an independent professional Trustee called Zedra, previously known as PTL. The Trustee has a wide range of duties and responsibilities, including organising administration and investing the Scheme’s assets, which are completely separate from the finances of the Company.  The Trustee is responsible for the ongoing monitoring of the Company’s ability to support the Scheme and works closely with the Member Representative Commitee (MRC). 
   
Anything affecting the Scheme as a whole is considered by the Trustee, including:  

  • investment beliefs and objectives
  • valuation outcomes
  • developments in pensions legislation or regulations
  • changes to the Scheme rules, and
  • the appointment of advisers

To help make sure the Scheme runs efficiently and in members’ best interests, the Trustee appoints and works with a number of independent professional advisers. These include actuaries, investment managers and solicitors. 
 
Zedra acts as the Trustee for the Amey OS Scheme. You can learn more on the Zedra website

  • Payam Kazemian

    Payam Kazemian

    Client Director

    Payam Kazemian joined Zedra Governance Limited (formerly PTL Governance Limited) in 2021. He is an Accredited Professional Pension Trustee (AMAPPT) and an Associate of the Pensions Management Institute (APMI).

    Payam has more than 17 years of experience in the pensions industry. Through his current role as a professional trustee, as well as previously as a pension’s de-risking and investment structuring expert at financial institutions including Goldman Sachs and Deutsche Bank, he has had overall responsibility for creating investment, de-risking, journey planning, and governance solutions for a wide range of UK DB pension schemes. He currently holds a number of board positions (as Chair of Trustees) and sole trustee in his professional trustee capacity. Payam has been involved with a number of pensions projects including pensions buy-in, pensions buy-out, GMP equalisation, investment strategy reviews, and dialogue with the pensions regulator. 

    Payam looks to create and believes in a collaborative relationship between the sponsor, the trustee, and all other parties involved as this results in best member outcomes and helps deliver pragmatic solutions for scheme. 

    Aside from his pensions experience, Payam holds a Ph.D. in Materials Science from the University of Cambridge.

  • Sam Burden

    Sam Burden

    Client Director

    Sam Burden joined Zedra Governance (formerly PTL) in 2022. He is an Accredited Professional Pension Trustee (AMAPPT) and an Associate of the Pensions Management Institute (APMI)

    Sam has more than 25 years’ experience in the pensions industry gained with WTW, KPMG, and Standard Life working with a wide range of pension schemes and sponsoring employers. His trustee appointments include DB, DC and hybrid pension schemes and he has experience of handling a broad range of projects relating to the management of pension schemes. 

    Beyond his pensions experience Sam is a former Birmingham City Councillor where he chaired the audit committee and a current charity trustee.

  • Matt Riley

    Matt Riley

    Manager

    Matt joined Zedra Governance Limited (formerly PTL) in January 2008 having previously worked for Mercer Limited, Hazell Carr and Prudential.

    As a Manager for the company's Birmingham Office, Matt’s responsibilities include working closely with Client Directors and individually liaising with Employers, Trustees and Members to ensure the smooth running of their pension schemes. Matt’s current portfolio of clients covers ongoing, paid-up and winding-up schemes. In addition, Matt has experience of schemes that have transferred or are in the process of transferring to the Pension Protection Fund and Financial Assistance Scheme. Matt also works closely with clients in relation to risk registers and internal controls.
     
    Matt particularly enjoys resolving issues in a fair and pragmatic way ensuring that the right result is reached for the member or employer.
     
     

What does it all mean?

Check out our jargon-busting glossary to help you understand pensions terms.