Meeting the needs of the Professional Trustee

Over 90% of pension schemes are expected to have a professional independent trustee within the next five years according to Isio’s authoritative Professional Independent Trustee Survey. The consultant estimates 6 out of 10 schemes already use independent trustees – a trend we have seen at Mobius Life, with an increasing number of our clients opting to use professionals today.

The rise in professional trustee appointments is changing the dynamic of how schemes are advised and how they use that advice. Where once the investment consultant was the primary source of advice and strategic counsel for schemes, particularly smaller ones, now many can look to their professional trustee for guidance instead. Trustees have always been ultimately responsible for the governance of their schemes and this remains the case.

This shift is good for both schemes and consultants. Schemes will be able to undertake more decision-making activities themselves. At the same time the consultants will be able to focus on strategic advice where they can really add-value, rather than being bogged down in more routine trustee decisions.

Of course, professional trustees offer deep expertise in scheme governance, setting strategy, member administration, record keeping and all the other responsibilities of trusteeship, but few have the resources to undertake investment administration on a day-to-day basis.

That’s where Mobius Life comes in. Mobius Life’s investment platform capabilities and infrastructure help professional trustees meet their administration and governance responsibilities. These range from core administration and execution capabilities, to providing bespoke data for transaction cost and TCFD reports. Using Mobius Life helps trustees demonstrate they have the resources and capabilities to meet their professional and regulatory responsibilities, particularly at a time when increasing regulation of the sector continues.

The shift to professional trusteeship is likely to continue over the coming years and we will continue to innovate and develop our services to meet the needs of our clients. To find out more, please contact one of our team today.

Thank you for reading this blog, to find out more about Mobius Life, please visit our home page or our solutions page.
If you would like one of our team to contact you, please click here.