Barnett Waddingham has appointed David Barnett to lead its corporate sole trustee business.
In this role, he will lead the firm’s strategic approach to this growing market, with around one in four pension schemes now operating under a corporate sole trustee model. Barnett will develop and promote propositions that are designed to deliver value, improve efficiency of governance, and strengthen trustee expertise.
Barnett has extensive experience in this sector. Barnett Waddingham says this puts him in a good position to drive growth and innovation in this evolving area. His remit will include overseeing Barnett Waddingham’s specialist sole trustee team, working closely with trustee partners to enhance client outcomes, and engaging with the pensions community at key industry events.
He will also be responsible for shaping Barnett Waddingham’s CST proposition to meet emerging market opportunities. This includes navigating the changing regulatory and commercial landscape of trusteeship.
Barnett Waddingham managing partner for pensions and investment services Alex Pocock says: “The landscape of trusteeship continues to shift, and corporate sole trustee is set to define the direction of pension scheme trusteeship over the coming decade.
“As our integration with Howden continues, we want to work with our trustee partners to deliver the best outcomes for our mutual clients and the industry more widely. I’m pleased to confirm David Barnett in this new role; his experience and close links to the professional trustee market make him a natural fit.”
David Barnett, head of corporate sole trustee, Barnett Waddingham, adds: “With around a quarter of all pension schemes operating under a corporate sole trustee model, and with this only expected to grow, I’m delighted to lead our approach and proposition in this important area.
“CST offers the opportunity to improve decision-making efficiency and enhance expertise, and I look forward to working in partnership with the industry to further develop best practice.”
