The Society of Trust and Estate Practitioners (STEP) have today released a report revealing their members’ thoughts about the future of trust and estate practice in the UK.
The report: Trusted Advisor, The Future, draws conclusions by bringing together qualitative opinions from of a seminar of senior practitioners held in January 2010 and the quantitative results of a subsequent survey of the wider STEP membership across the UK.
The results in the report are grouped into three specific areas of change: Regulation, clients’ needs and, business models and strategy.
STEP members point to increasing regulation, the rise in people requiring specialist advice due to increasingly complex family relationships, the growing role of the internet, the tendency towards multi-disciplinary structures and the commoditisation of services as examples of where the market will change, among many others.
STEP Chief Executive David Harvey said: “What emerges most clearly across these predictions is that STEP members in the UK expect huge changes in coming years. We hope that this document helps our members and others in casting light on how the future might impact their business. For STEP, these findings will help the Society develop the most effective support for members that it can to ensure that change means not threat, but opportunity.”
No comments:
Post a Comment