Corporate Sole Trusteeship Survey 2022

The Rise of Professional Corporate Sole Trusteeship: The Industry View

We’re pleased to present the results of our first survey which captures the market’s view on the role and growing relevance of the professional corporate sole trustee (PCST) model.

Our research took in views from 13 major consultancy firms, who between them provide professional advice and services to over 5,000 company pension schemes. An estimated one in ten of these schemes currently operate a PCST model.

Having experienced first-hand the growing demand for outside expertise to manage a multitude of risks and scenarios, it is no stretch of the imagination to say that the time has come where the PCST model, where it complies with the Code of Practice, will increasingly come into its own.

The report sheds light on the following key areas:

• Which section of the market is the biggest source of PCST appointments?
• How is wider adoption of the PCST model influencing consultancies’ product portfolios?
• What impact do firms feel that greater adoption of the PCST model is having on the sector?
• What are the prospects for demand for PCST appointments this year?
• What do advisers think is the single most important advantage of PCST appointments in the current climate?

To download the full report, click here.