Print this article
Trust And Estate Business Confidence “Steadier”
Nick Parmée
18 October 2012
The latest global quarterly confidence survey from the Society of Trust and Estate Practitioners shows a “steadier tone” in both the immediate and long-term outlooks for the industry after a sharp dip last quarter. The Near Term Confidence Index, on the outlook over the next three months, has increased one point to +10, after a significant fall in the previous quarter. Confidence had remained steady for five consecutive quarters before that. The Longer Term Confidence Index, which relates to the outlook over the next 12 months, is also back on the increase, moving up four points to +26. The quarterly survey looks at members’ views across a wide range of jurisdictions, and trust and estate businesses. The confidence indices are constructed by taking the balance of survey respondents replying that they expect business to improve or significantly improve relative to those expecting business to decline or decline significantly. The full report and historical data can be viewed on the STEP website.