Public Trust records growing demand and profits

Public Trust says 70% of new wills and enduring powers of attorney now completed online. (Image: Creative Commons)

Wed, 23 Oct 2024

New Zealand's ageing population is helping to boost the profits of Public Trust, the Crown entity that provides will, trustee and estate administration services. Revenue was up 14.3% on the previous year to $83.2 million for the year ended June 30, 2024, with profits before tax of $7.1m, up from $2m in 2023. “As New Zealand grows and evolves, so does Public Trust. Demand for our specialist services is increasing, reflecting New Zealand’s ageing population and the intergenerational transfer of wealth in motion,” c...

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