Naomi L’Estrange

Managing Director 0115 941 1031

Naomi, Managing Director at 20-20 Trustees, has twenty years’ experience in pensions and a formidable reputation in the field. After ten years as a pension lawyer at Herbert Smith Freehills where she advised clients such as the Faculty and Institute of Actuaries, KPMG and the National Trust, she was seconded to government to advise on the establishment of the Pension Protection Fund (PPF) and the moral hazard provisions of the Pensions Act 2004.

She then joined the PPF as its inaugural Director of Legal, leading the team advising on the world’s first risk based levy, international insolvency litigation, and a multi billion investment portfolio.

Subsequently as Director of Strategy and Policy she was responsible for negotiation with government and the EU on pension policy as well as overall strategy for the PPF, and was a member of the Executive Committee.

She has very broad experience of issues affecting pension schemes of all sizes, funding positions and covenant strengths from ongoing financial negotiations (including involving proactive engagement), complex investments and asset backed funding, benefit structures and equalisation, liability management, distress and employer debt, wind ups and buyouts both inside and outside the PPF, and the PPF levy.

Naomi specialises in bringing parties together in robust, constructive and good humoured communication to improve outcomes for members and employers alike.

Naomi studied law at Clare College Cambridge where she was also a Choral Scholar, has a Masters in European Law from the University of Brussels, a certificate in Advanced Management from Ashridge, and is a trained Executive Coach. Naomi is also a Master Gardener and a trustee of Garden Organic, the national charity, patron HRH Prince Charles.

She was awarded Trustee of the Year at the inaugural Women in Pensions Awards in 2018, and is appointed to the Actuarial Council of the Financial Reporting Council.

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