How the sole corporate trustee market must develop

Akash Rooprai says development of the market must go beyond cost efficiencies

clock • 3 min read
Akash Rooprai is director at Independent Trustee Services
Image:

Akash Rooprai is director at Independent Trustee Services

This October marked one year since the Association of Professional Pension Trustees (APPT) published its code of practice for professional corporate sole trusteeship (PCST), providing the perfect opportunity to look at the impact it has had on the industry and what PCST might look like in future.

Data released earlier this year revealed there has been a 60% rise in the number of schemes using professional trustees, now equating to almost one in three schemes compared to one in five in 2016....

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

£250m Wolseley DC scheme joins Aon Master Trust

£250m Wolseley DC scheme joins Aon Master Trust

Move follows a ‘thorough and detailed’ bid process overseen by Vidett

Holly Roach
clock 28 October 2024 • 2 min read
Pensions industry speculates on Budget announcements

Pensions industry speculates on Budget announcements

Chancellor Rachel Reeves will deliver this parliament’s first Budget on Wednesday

Holly Roach
clock 28 October 2024 • 10 min read
The Pensions Ombudsman publishes annual report

The Pensions Ombudsman publishes annual report

Ombudsman has exceeded targets on resolving cases and dealt with recruitment and cyber challenges

Jasmine Urquhart
clock 25 October 2024 • 2 min read
Trustpilot