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Trustee Members

NEST Corporation is the Trustee of NEST. It’s made up of a Chair and up to 14 Trustee Members.

The Chair and Trustee Members set the strategic direction and objectives for NEST. They also have a number of legal duties, including making sure that the scheme is run in the interests of its members.

NEST’s Trustee Members have been selected for their wide range of experience, skills and pensions industry knowledge.

Find out how Trustee Members are appointed

Trustee Member profiles

image of Otto Thoresen

Otto has extensive experience in pensions, financial services and consumer issues across a range of private and public sector organisations. He was director general of the Association of British Insurers (ABI) until the end of January 2015 and served on its Board from 2005.

Previously he was chief executive with AEGON Group from 2005 to 2011 and chief finance officer between 2000 and 2005. He has also held a series of senior marketing roles at Abbey Life, Royal Life Holdings and Scottish Equitable. He was the independent reviewer of the Treasury Review of Generic Financial Advice – the Thoresen Review - published in 2008 which led to the creation of the Money Advice Service.

He is as a Trustee of Young Enterprise, which incorporates the Personal Finance Education Group (pfeg), a charity focused on supporting the delivery of enterprise and financial education in schools. He’s also a Trustee of Step Change, a charity that provides free debt advice to consumers. Other current positions held by Otto are as an adviser to Citizens Advice Edinburgh and a governor of the Pensions Policy Institute.

Otto became Chair of NEST Corporation on 1 February 2015.

Otto's registered interests (PDF)

image of Tom Boardman

Tom has been in the pensions and insurance industry for 40 years. Much of this time has been in executive roles at Prudential and Nationwide. His last role at Prudential UK was as director of retirement strategy and innovation.

He left Prudential in 2010 to become a Trustee Member of NEST Corporation and to take up a role as a senior adviser at the Financial Services Authority (FSA). On the closure of the FSA in April 2013 he became a senior adviser of the Financial Conduct Authority (FCA).

Tom is a Fellow of the Institute and Faculty of Actuaries (IFoA), an honorary visiting professor at the Cass Business School and the Pensions Institute (PI), as well as being a governor of the Pensions Policy Institute (PPI).

Tom was appointed as Deputy Chair of NEST Corporation in June 2014.

Download a high resolution image of Tom Boardman (JPG)

Tom’s registered interests (PDF)

image of Iraj Amiri

Iraj was a partner with Deloitte LLP for over 20 years. There he led the National Internal Audit Group and was one of the firm’s recognised experts in Internal Audit and Risk Management.

In the public sector, his clients included numerous organisations in central government, health, education and local government, and many public bodies, such as the Financial Services Compensation Scheme (FSCS), The Pensions Regulator (TPR), National Savings and Investments and the European Investment Bank (EIB). He also has extensive private sector experience at a senior level, serving such organisations as Schroders and The Wellcome Trust.

As well as being an FCA, Iraj is a fellow of the Royal Statistical Society, a member of the Regulatory Decisions Committee of the Financial Conduct Authority (FCA), chair of the Audit and Risk Committee for the Actuarial Profession. He was also a member of the Internal Audit Task Force of the Institute of Chartered Accountants in England and Wales (ICAEW) for a number of years.

Download a high resolution image of Iraj Amiri (JPG)

Iraj’s registered interests (PDF)

image of Ian Armfield

Ian is a non-executive director and chair of the audit committee for Keystone Investment Trust plc.

Ian was an audit and risk assurance partner with PricewaterhouseCoopers LLP for over 20 years and specialised in the investment management and pension sectors. He was also one of the firm’s leading experts on non-audit assurance. His clients included many of the UK’s leading asset managers, some of the UK’s largest pension schemes and numerous service organisations providing outsourced administration, transfer agency and custody services to those sectors.

He’s a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and for more than 10 years has been a member of several of the ICAEW’s working parties, including investment business, third-party assurance and master trusts.

Ian’s registered interests (PDF)

image of Graham Berville

Graham has worked in financial services for 35 years. His executive career was with the Automobile Association (AA), Aviva plc and Police Mutual. Graham is currently a non-executive director at Age UK Enterprises and the Veterinary Defence Society (VDS).

He’s also chair of the LV= with-profits committee, a trustee of Yorkshire Cancer Research (YCR). He is currently a senior independent advisor for BDO LLP.

Graham’s registered interests (PDF)

image of Carolan Dobson

Carolan has a background in asset management and is an experienced Trustee and non-executive director in public and private sector organisations. Her most recent experience is as the chair of the Bespak Pension Scheme, JP Morgan European Smaller Companies Trust and Aberdeen Smaller Companies High Income Trust. She is also chair of the investment sub-committee for Vaillant Group Pension Scheme and a member of the Competition and Markets Authority (CMA).

Carolan’s registered interests (PDF)

image of Sally Bridgeland

Sally’s career in UK pensions and institutional investment spans nearly three decades. She is currently a non-executive director of Royal London Group. Sally is also a Senior Adviser with Aviva International. Until recently, she was the Chief Executive Officer and Trustee of the BP Pension Fund. Previously, she was a partner, pensions actuary and investment consultant at AON Hewitt. 

Sally is a member of the 300 Club and the EDHEC Risk Institute International Advisory Board. She is the Founder and Chair of the Trustee Board, Executive Shift – a charity supporting flexible working at senior levels. 

She is the Chair of the Education Committee, of the Worshipful Company of Actuaries; a Trustee of the Worshipful Company of Actuaries Charitable Trust; and a Member of the FTSE Policy Group.

Sally's registered interests (PDF)

image of Karen Silcock

Previously a chartered accountant, Karen’s portfolio includes non-executive director roles at the Office for Legal Complaints (OLC), a regional Wildlife Trust and advisory work with The High Street Fund.

Karen was a partner at Deloitte LLP from 1993 to 2010, working in the reorganisation services business advising on insolvency and restructuring, and subsequently as a partner in the firm’s risk management team and as joint chief risk officer. Her public policy roles have included chair of the Federation of European Accountants' Money Laundering Working Party and chair of the Institute of Chartered Accountants in England And Wales (ICAEW) money laundering sub-committee. Karen was also an elected member of the ICAEW council from 2007 to 2009, was formerly vice-chair of the Professional Standards Board of the ICAEW and a member of its disciplinary committee.

Karen’s registered interests (PDF)

image of Caroline Rookes

Caroline is CEO of the Money Advice Service. Formerly a senior civil servant, her career spanned several top management roles. She has extensive experience of and expertise in shaping and delivering major policy programmes across Government. 

Between 2005 – 2013, Caroline was Director of Private Pensions at the Department for Work and Pensions where she led a landmark and successful reform of the UK’s private pension regime introducing automatic enrolment. From 2002 – 2005, Caroline was the Director of Savings Pensions and Share Schemes at HMRC, where she was responsible for a fundamental reform of the tax regime on pensions. 

In 2014, she was awarded an Alumni Award by Lancaster University for outstanding achievement.

Caroline's registered interests (PDF)

image of Jill Youds

Jill’s portfolio of roles includes Chair of the Judicial Pensions Board and non-executive director posts at both University Hospitals Bristol NHS Foundation Trust and Hoople Ltd. 

Prior to her non-executive appointments, Jill enjoyed an accomplished 25 year career in a range of senior leadership positions in the commercial sector, focusing on large scale transformation projects, HR, finance shared services and operations in blue chip organisations such as Virgin Media and Lloyds Banking Group. Jill has wide sector experience and has delivered the employee proposition, including pensions, in both large and small companies. As such, she has a keen interest in service delivery and customer and member experience.

Jill is a long standing fellow of the Chartered Institute of Personnel and Development and is an experienced leadership coach.

Jill's registered interests (PDF)

image of Ron Jarman
Ron has extensive procurement experience as a senior executive working for and with a large number of organisations, clients and bodies in the private and public sector. He is currently a senior member of Proxima’s Consulting practice. Prior to this he was the Chief Procurement Officer at Reuters. 

Ron is a Board Trustee for World at Play and is a member of the advisory board at Roehampton University Business School.  

Ron's registered interests (PDF)

image of Tomas Carruthers

Tomas is an experienced senior executive with substantial strategic and operational expertise in the digital delivery of customer service. He has an established track record of building and growing retail financial services companies. He’s currently the chief executive for the Social Stock Exchange which was launched by David Cameron in June 2013. 

From 2004 to 2012, Tomas was the chief executive of Interactive Investor plc. He’s an ambassador for Home-Start UK and is a Trustee of the Tom Bowdidge Foundation.

Tomas registered interests (PDF)

Trustee committees

We have a number of committees, each chaired by a Trustee Member, which focus on key aspects of monitoring and control. These include audit, risk, investment and remuneration.

Find out more about our committees

Policy and procedures

What Trustee Members do and how their meetings are run are defined in documents called the NEST terms of reference. We’ve also outlined appropriate ethical behaviour in our Trustee Members code of conduct.

Find out more about our policy and procedures

NEST corporation annual report

Our annual report outlines what we’ve done over the last financial year.

Read the latest annual report (PDF)

The executive team

Day-to-day management of NEST Corporation is delegated by the Trustee to the executive team.

Find out more about the executive team