'Burdensome' regulation pushing skilled trustees out

Research finds most professional trustees find regulation overly complex

Hope William-Smith
clock • 1 min read
Many professional DB trustees said they do not have the right knowledge for the job.
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Many professional DB trustees said they do not have the right knowledge for the job.

Skilled professional defined benefit (DB) trustees are being driven out of their roles by overly complex and burdensome regulatory requirements, Charles Stanley Fiduciary Management says.

The wealth manager's research found almost two thirds (62%) of professional DB scheme trustees find the current regulatory environment taxing and convoluted and are planning to step down from their...

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