Professional trustees 'dominating' pensions landscape; top 12 firms post annual growth of 14%
Mike Smedley: The influence of professional trustees is 'phenomenal'
The consultant's
Professional Independent Trustee Survey 2021 found that a growing regulatory burden and a desire for improved governance is driving rapid growth in the professional trustee market.
And it said, while professional trustee firms are not new, the evolution of the traditional trustee model for UK pension schemes is accelerating the growth of a "small but incredibly powerful industry".
Appointments and scheme assets
Note: The chart shows the number of pension trustee appointments held by each firm together with an estimate of the total assets in those pension schemes. The asset figures are heavily influenced by appointments to the very largest schemes.