Companies are now trustees of most pension plans, survey finds

By Ronan Barnard (April 19, 2022, 6:26 p.m. BST) – Most retirement savings plans now have a professional trustee as industry trend continues, according to pension consultancy firm, who described the situation as a “quiet revolution”. “

Pension consultancy Isio Group’s survey of 12 of the largest professional fiduciary firms in the market, due to be released on Wednesday, found they recorded more than 200 new appointments and an average increase in revenue of 20 % in 2021 compared to 2020.

Schemes governed by professional trust companies now control around £1 trillion ($1.3 trillion) in assets on behalf of around 5 million members, despite the sector…

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