Positive outlook for global trust and estate business

The STEP Longer Term Confidence Index, which looks at the outlook over the next 12 months, remains steady on 32, resulting in the most positive three consecutive quarters recorded on STEP’s index since the beginning of 2010. The Near Term Confidence Index, which looks at the outlook over the next three months, remains at 11. The measure has now remained unchanged for four consecutive quarters. This index was -13 at the start of 2009. Commenting on the results, STEP Chief Executive, David Harvey said: “These survey results show our membership has confidence about the long term outlook...