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PPF Chairman, Arnold Wagner said: “I’m delighted that Rodney, Nailesh and Anna are joining the PPF Board, bringing a broad range of highly relevant knowledge and experience. Our commitment to deliver the best outcomes for pension schemes, members, and levy payers in volatile times remains resolute. In this, the first year of our three year strategic plan, our goal is to set new standards for service, innovation and assurance while combining the best of the private and public sector.

These new appointments reflect these ambitions and we look forward to the fresh insight our new colleagues will bring.”

“Rodney has a strong finance background gained in industry, banking and more recently at HM Treasury and National Savings and Investments, along with significant non-executive experience. Nailesh has worked closely with pension trustees and his strategic business experience, currently working as a senior executive for a Fortune 50 business, adds valuable perspective. Anna is a qualified lawyer who brings over 20 years’ experience in financial services, asset management, investment banking, governance and operational risk. Their combined expertise will prove invaluable to the PPF.”

“I am also delighted to announce the appointment of Kate Jones as the Senior Independent Director following the retirement last month of Alan Jenkins. Kate has served on the PPF Board since 2016 and Chairs the Investment Committee. Kate has held a number of senior investment roles in the financial services industry, experience she now uses in her work as an executive coach and as a Trustee of Smart Pension DC Mastertrust, a non-executive director of JPMorgan Funds Limited and Chair of Trustees for the financial education charity RedSTART.

In addition to Alan, Tom Joy and Rosemary Hilary have also recently stepped down from the Board at the end of their respective terms and Andrew McKinnon, Executive Director will also step down as he leaves the PPF at the end of September. I’d like to thank them all for their significant contribution to the PPF and wish them well for the future.”

Rodney Norman commented : “I am heartened by the customer focus and ambitions of the PPF and look forward to helping the team deliver for the benefit of their many stakeholders “

Nailesh Rambhai reflected: “I’m impressed by the PPF’s values, behaviour and ambitions and I’m thrilled to have the chance to contribute my expertise to the Board to help deliver the continued success of the PPF.”  

Anna Troup added: “I have a real enthusiasm for the work of the PPF and I am delighted to be joining the PPF Board, and contributing to the PPF’s vital work. The current changes in the corporate landscape only serve to reinforce the vital role that the PPF is likely to play in the futures of many people across the UK”.



  Rodney Norman 

Rodney Norman CBE has a degree in Economics and Econometrics from the University of Nottingham, and qualified as a Chartered Accountant with PwC. He is a Fellow of the Institute of Chartered Accountants in England and Wales.

He’s worked in industry, financial services, and banking as Finance Director of the banking division of the Close Brothers Group. Rodney moved to HM Treasury in 2007 where he was responsible for funding the public sector: co-ordinating the Exchequer’s tax receipts and borrowings to meet government spending needs. He also worked extensively on schemes to provide large-scale support to the banking sector and economy during the financial crisis, and was a non-executive board member of the Government Banking Service.

Rodney retired from the board of National Savings and Investments (“NS&I”) as Finance Director in 2018, where he chaired the Pricing Committee and Investment Committee.

Rodney currently serves as a non-executive member of the Office of Rail and Road’s Audit and Risk Committee, on the Audit Committee of the UK Debt Management Officer and as a senior advisor to the Bank of England.


  Nailesh Rambhai 

Nailesh Rambhai graduated with an MA in Law from Oxford in 1995 and went on to practice at Linklaters and McDermott, Will and Emery LLP.

He then moved to Coventry Building Society as General Counsel and Company Secretary where he was also Secretary to the Pension Scheme Trustees, working closely to align and improve pension governance.

Nailesh has lived and worked in Canada, USA and South East Asia in a global career which continues with his current role as Head of Legal and Company Secretary at a major international oil and gas company. He was also a non-executive Director at the Belgrade Theatre.


  Anna Troup 

Anna Troup graduated from Oxford with an MA in PPE and qualified as a lawyer at Slaughter & May, specialising in Corporate Tax.

Anna then moved into financial services working at a number of blue-chip organisations including Merrill Lynch, PWC, Goldman Sachs, Bluebay Asset Management LLP and most recently as Head of UK Bespoke Solutions for Legal and General Investment Management.

Anna is also an independent non-executive Director at T.Bailey Fund Services and Aberdeen Diversified Income and Growth Trust Plc and a Trustee of the Triathlon Trust.