Following on from its initial survey looking at international trends in the trust and estate planning industry, the Society of Trust and Estate Practitioners (STEP) have released figures from their latest quarterly confidence survey which indicate that sentiment is improving amongst practitioners.
The most significant changes show that 23% of members surveyed thought that trust and estate business would “improve” or “significantly improve” over the next three months and 41% over the next year. This compares to just 13% in the previous survey predicting improvement over the next three months and 25% over the next year.
STEP Chief Executive David Harvey said: “The move to positivity among STEP members is a great indicator that, despite the economic downturn and the regulatory environment providing new challenges for trust and estate practitioners, the industry is looking to the future with renewed confidence. Our members are looking to embrace the opportunities afforded by the needs of international families to plan and to be compliant on an increasingly global, rather than national, basis.”
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