Publication

Sole mates

Pensions & benefits Professional trustee selection DB pensions DC pensions

LCP’s fourth annual survey focussing on growth and changing trends in the Professional Trustee and Professional Corporate Sole Trustee market over the year.

Evolution of the Professional Trustee landscape

Our the fourth annual Sole Trustee survey report focuses on the growth and evolving trends in both the Professional Trustee (PT) and Professional Sole Trustee (Sole Trustee) markets over the past year.

Explore valuable insights into the latest trends in the Professional Trustee market, key drivers of growth, evolving delivery models, and the future opportunities and risks sponsors should be aware of.

This year we are pleased to have 15 PT firms participating in our survey, along with unique insight from The Pensions Regulator (TPR), the Association of Professional Pension Trustees (APPT), the Association of Member Nominated Trustees (AMNT), and LCP Partner David Fairs (former Executive Director at TPR).

We have distilled the responses from our participants and the unique insights into our Sole Mates report which indicates that we are at a critical point in the evolution of the PT and Sole Trustee market.

Explore the report

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What's inside?

  • The current landscape and the growth of the Professional Trustee and Sole Trustee market
  • The expansion of sole trusteeship including some innovative models
  • A summary of the different Professional Trustee delivery models
  • The impact of DE&I and regulatory changes

With the rapidly changing pensions landscape against the backdrop of a new government announcing a number of pension reforms, we expect there to be a transformation of the Professional Trustee industry to support the change. As we reflect on another year of double-digit growth in the PT and Sole Trustee industry, the focus is continuing to shift to how the PT landscape is likely going to evolve with involvement of TPR, increased consolidation and changes in available propositions in the market.

Nathalie Sims Partner & Head of Strategic Relationships

We can help you to find the right Professional Trustee for your scheme

Our expert team has significant experience in this area, and is ready to help you select and appoint the best Professional Trustee or Sole Trustee for your scheme.

Find out more

Read the previous versions of our report

2023: Sole mates or soul mates?

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2022: Sole mates or soul mates?

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2021: Sole mates or soul mates?

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