PwC Trustee Pay Survey 2022
At the end of 2022 our Pensions Management Consulting team completed the 8th biennial survey of trustee pay.
We have been running the survey for 16 years, providing insights into how trustee pay, and time commitment continues to evolve. As with previous years the largest proportion of participants in the survey continue to represent defined benefit (DB) schemes, with only 5% purely defined contribution (DC) schemes participating (up from 3% in 2020). From a purely DB perspective, we have seen an interesting shift in participation with the largest contributors now coming from those schemes with the smallest and largest asset sizes measured (under £0.5bn and over £5bn respectively).
The comprehensive survey covers trustee pay and training, the composition of the board, their time commitment and gender pay gap analysis. This year, the team restructured the survey to look at time commitment in more granular detail and continued to focus on how this correlates with trustee remuneration through each survey cycle. We have also included some additional questions around topical subjects such as board diversity, the results of which we believe will add even more insight.
As always, the full report with further analysis and insights is provided to those that participate, therefore if you would like to register your interest in participating in the next trustee survey and obtaining the full report, please do so by following the link below.
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