Concentration risk concerns aired over professional trustee market

PP survey shows concern over dominance of largest professional trustee firms

Jonathan Stapleton
clock • 3 min read
Several respondents said they were also concerned about the issue of groupthink in a more consolidated market
Image:

Several respondents said they were also concerned about the issue of groupthink in a more consolidated market

There are potential concentration risk concerns in having a relatively small number of bigger professional trustee firms acting for large numbers of UK schemes, PP readers say.

Professional Pensions' latest Buzz survey - conducted among 86 trustees, scheme managers, consultants and other pension professionals - found some 80% believed there were potential concerns, agains...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

TPO orders trustees to repay more than £5m to members of three schemes

TPO orders trustees to repay more than £5m to members of three schemes

Investigation finds scheme trustees had engaged in pension liberation arrangement

Martin Richmond
clock 29 November 2024 • 2 min read
SPP: Build it and they will come? Considering the case for multi-employer CDC

SPP: Build it and they will come? Considering the case for multi-employer CDC

John Wilson asks if sponsoring employers are ready to make the move to CDC

John Wilson
clock 26 November 2024 • 3 min read
Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Fieldfisher calls for clarification over scope of death benefits subject to new regime

Jonathan Stapleton
clock 31 October 2024 • 2 min read
Trustpilot