13 February 2025
5 min
Our 2024 report concluded that professional trustees represent just under half of all (around 5,000) DB pension schemes. Of the schemes appointing professional trustees, around 40% of those appointments are as a sole trustee. There were six new professional corporate sole trustee appointments to £1bn+ schemes in the last year, but we saw the slowest year of growth in professional corporate sole trustee appointments since 2017.
In this segment of our sole trustee report, we reflect on whether this slowdown is the new norm and set out our expectations for the future. We consider:
If you have any questions, or would like to discuss further, please feel free to get in touch.
This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice
(including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.
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