ZEDRA acquires AAA Trustee Limited and Trustee Matters Limited

10 November 2022

ZEDRA today announces the acquisition of AAA Trustee Limited and Trustee Matters Limited, which provide professional independent trustee services to UK corporate pension schemes.

This acquisition, which follows those of Inside Pensions and PTL in 2021, as well as Caledonian Trustees and Clear Pen Solutions earlier this year, further enhances ZEDRA’s presence in the UK pension services sector. The three directors of AAA and TML – Andrew Wadley, Shona Goulds and Simon Byrne – have over 100 years of combined business and pensions industry experience, and bring with them a diverse and multi-skilled team which further bolsters ZEDRA’s dedicated team of 70 pensions industry experts. AAA and TML will sit alongside, and report through, ZEDRA Governance Limited (formerly PTL) and will be fully integrated under the ZEDRA brand in due course.

Kim Nash, Managing Director at Zedra Governance Limited, said: “We recognised some time ago the increasingly complex regulatory demands and pressures on pension schemes, which require ever greater support. With this new acquisition and AAA’s and TML’s excellent reputation, we continue our expansion as a leader in the outsourced pensions services space in the UK. The AAA and TML team has an outstanding client base. We look forward to welcoming them and continuing to offer them the first class service they expect.”

Andrew Wadley, Director at AAA, added: “The evolution of the UK pensions industry is going to continue to accelerate. We want to ensure we continue to offer our clients the innovative service they expect and continue to evolve ourselves as a business. We want to reflect the ambitious visions our clients have for their pension schemes. We found in ZEDRA the perfect partner to do this, as their values and approach to business are so closely aligned to our own. Their team has a great reputation and I have no doubt that this will be a good cultural fit for both our team and our clients.”


Notes to Editors

For more information, please contact:


Kate Boyle

07930 442 883

[email protected]


Jamie Brownlee / Tom Engleback / Eleonore Basle

+44 20 3963 1894

[email protected]