Exit strategy planning should start three years out, industry says

In this week's PA Asks, 38.5% of respondents said three years out, 25.6% said five years out, 15.4% said ten years out, 7.7% said 15 years out, and 12.8% suggested another timeframe. One pundit said: "As long as the business has good, clean data, three years is fine." Another agreed, adding that "three years should be enough following business re-organisation for Consumer Duty." One industry respondent said it "depends on your exit strategy". "But if you are planning a management buyout or an Employee Ownership Trust exit, three years might be a minimum to get the incoming manag...