Remuneration report
Chief Executive and other senior appointments
Throughout 2024/25 our senior management team remained unchanged, consisting of a team of three permanent senior managers, led by the Chief Executive.
Remuneration policy for the Chief Executive and senior staff
For all senior staff, remuneration is set by the PSAA Board, in line with PSAA’s terms and conditions of employment.
Key terms of employment for the Chief Executive and other members of the management team are as follows:
- pension arrangement: PSAA operates a defined contribution plan with the same level of benefit for all its members. The Chief Executive and all staff are eligible to join the scheme. PSAA’s contribution is 10% of salary for all staff and an additional optional matching contribution of up to 5% of salary.
- other terms of employment: The Chief Executive and senior managers all have permanent employment contracts and are required to give six months’ notice if they resign.
Remuneration over £50,000
The number of staff with remuneration over £50,000 is shown in the table below. The bands are based on salary, employer pension contributions and contractual payments and benefits in line with the contractual terms and conditions of employment.
| Band £k | Number of employees 2025 | Number of employees 2024 |
| 50 – 55 | 2 | 2 |
| 55 – 60 | 1 | |
| 70 – 75 | 3 | |
| 75 – 80 | 2 | 1 |
| 80 – 85 | 2 | 1 |
| 85 – 90 | 1 | |
| 105 – 110 | 1 | |
| 110 – 115 | 1 | |
| 115 – 120 | 1 | 1 |
| 125 – 130 | 1 | |
| 130 – 135 | 1 | |
| 150 – 155 | 1 | |
| 165 – 170 | 1 |
Note: Pay bands shift year on year due to staffing changes, promotions or changes arising from organisation restructure
Senior management remuneration
Remuneration details for the senior management team are shown in the table below. This includes salary, employer pension contributions and contractual allowances and benefits in line with the contractual terms and conditions of employment.
| Description | 2025 | 2024 |
| Chief Executive | £167,846 | £154,455 |
| Chief Operating Officer & Deputy Chief Executive | £133,752 | £112,814 |
| Chief Finance Officer | £125,152 | £116,884 |
| Head of Audit Technical | £116,066 | £108,805 |
During the year as part of a wider review of how and where we work, we commissioned an independent review of remuneration and benefits. Recommendations from the review were accepted and an improved benefits package introduced.
Pay multiple
During the year staff numbers increased from 14 to 21. This had an impact on median pay in 2024/25. The fall in median remuneration is caused by changes to organisational structure designed to bring in additional capacity.
The relationship between the remuneration of the highest paid employee and the median remuneration of the organisation’s workforce is shown in the table below. Total remuneration includes salary, contractual payments and benefits. PSAA does not have performance-related pay. These figures do not include employer pension contributions.
| Description – £’000 | 2025 | 2024 |
| Band of highest paid – total remuneration | 145k – 150k | 140k – 145k |
| Median – total remuneration | 49 | 64 |
| Ratio | 3.1 | 2.2 |
During the year we commissioned an independent review of directors’ remuneration, the first since PSAA’s inception. The outcome acknowledged the increased time commitment required and inflationary rate increases over 10 years. The Board agreed an increase in directors’ remuneration from 1 January 2025.
None of the directors serving between 1 April 2024 and 31 March 2025 received other benefits from PSAA, nor were they members of the pension scheme.
Remuneration policy for Directors
| Director – £’000 | 2025 | 2024 |
| Bill Butler | 30 | – |
| Stephen Freer | – | 30 |
| Keith House | 9.9 | 8 |
| Marta Phillips (appointment ended 31 March 2025) | 9.9 | 8 |
| Fraser McKinlay (appointment ended 28 February 2025) | 8.3 | 8 |
| Michael O’Donnell | 9.5 | 8 |
| Irene Asare (appointed 1 February 2025) | 2.6 | |
| Liz Murrall (appointed 1 February 2025) | 2.3 | |
| Alan Edwards (appointed 1 February 2025) | 2.3 |
Directors are also reimbursed for expenses directly and necessarily incurred in the performance of their duties.
Alan Edwards was the independent Audit Committee member from 1 April 2024 to 31 January 2025 and received remuneration of £1,820. He was appointed as a director from 1 February 2025.
Adrian Lythgo became the independent Audit Committee member from 1 February 2025 and received remuneration of £640.
People and Remuneration Committee Oversight
The newly established People and Remuneration Committee reviewed and supported senior pay decisions during the year in line with its remit. Although recently formed, the Committee is operating effectively and has strengthened governance oversight in this area.