Isio’s 2021 Professional Independent Trustee Survey - How do firms compare?

The traditional Trustee model for UK pension schemes is changing. In response, the professional Trustee market is expanding rapidly. There are a dozen large firms with >50 scheme appointments, plus multiple smaller firms and individual Trustees.

This is the first industry Survey of its kind which is surprising given the 12 firms interviewed have responsibility and influence over £800bn of retirement savings across Defined Benefit & Defined Contribution arrangements. That compares to around £2trn of UK occupational pension scheme assets.

In this 2021 survey, we take a look at who these trustees are, and analyse a range of detailed metrics around their clients, expertise and approach to market. We have explored what is driving firm growth, and what the future holds for this unique and influential group.

This really is an industry in its infancy. We can expect big change over the next five years and diverging approaches as firms adopt a range of strategies to set themselves apart.

Links to take a look: