Governance and Risk Management Report 2025

Pension scheme Trustees will need to ensure that they are effectively meeting their obligations, particularly managing risk around cyber security as schemes contain large amounts of data in the administrative system. Our report looks at the developments since our last survey in 2021, Trustees can benchmark themselves against others and identify areas for improvement to ensure effective governance.

This report sets out the results of our survey based on 65 responses from Trustees of UK pension schemes.

We have analysed the results and here are some of the key findings.