As of 31 March 2024, we estimate there are just under 5,000 DB pension schemes. The 11 professional trustee firms we surveyed represent around 40% of these DB schemes. An additional 20 to 30 small and mid-tier firms are estimated to account for another 6% of DB schemes.

Read our 2024 report on the professional corporate sole trustee market, looking at the sole trusteeship landscape over the past year.

Key findings

• Professional trustees are estimated to represent just under half of all c 5,000 DB pension schemes.
• Of the schemes appointing professional trustees, around 40% of those appointments are as a sole trustee.
• Slowest year of growth in professional corporate sole trustee appointments since 2017.
• Six new professional corporate sole trustee appointments to £1bn+ schemes in the last year.

DOWNLOAD THE PUBLICATION

If you have any questions, or would like to discuss anything further, please get in touch.