LCP Annual Survey on Professional Trustee Market Trends

This document is the fifth annual survey conducted by LCP, focusing on the growth and evolving trends within the Professional Trustee and Professional Corporate Sole Trustee market over the year from June 2024 to June 2025. It highlights the participation of 18 Professional Trustee firms and includes insights from various regulatory bodies. The survey indicates a notable slowdown in growth, with recruitment across the Professional Trustee market declining by 30% compared to the previous year. The document discusses the shift from rapid expansion to a more mature market phase, emphasizing the increasing scrutiny on governance and performance. It outlines the dynamics of new appointments, revealing that a significant portion of growth is coming from schemes that previously had no Professional Trustee involvement. The report also notes a concentration of new appointments among a few firms, reflecting ongoing market consolidation. Overall, the findings suggest that while growth continues, it is occurring under changing regulatory pressures and market conditions.