Most professional trustees to step down within three years

Research found 40% expect to step down in the next year and 40% in one to three years

Holly Roach
clock • 1 min read
Most professional trustees to step down within three years

Four in five professional defined benefit (DB) pension trustees plan to step down from their role within the next three years, according to research by Charles Stanley Fiduciary Management.

The firm's research revealed the industry "may be facing a retention crisis", as 80% of professional DB trustees said they will step down within three years, up from 62% who said the same in 2021. ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Industry

SHPS valuation projected to show improved funding position

SHPS valuation projected to show improved funding position

LCP forecasts latest valuation could ‘break the mould’ and show improved funding position

Martin Richmond
clock 25 September 2023 • 2 min read
All 6,700 Phoenix employees will benefit from Midlife MOT programme

Phoenix launches employee Midlife MOT tool

Digital assessment tool for colleagues follows successful pilot programme last year

Jasmine Urquhart
clock 25 September 2023 • 2 min read
Buck benefits consulting leader Mark Pemberthy

How to build an inclusive pensions comms strategy

Buck’s Mark Pemberthy provides insights into different learning preferences among the sector

Mark Pemberthy
clock 22 September 2023 • 4 min read
Trustpilot