Global Pension Risk Survey 2025/26
UK Findings
For Professional Clients Only
Welcome to the UK edition of the 2025/26 Global Pension Risk Survey. Over the past two decades, the pensions landscape has evolved significantly, with defined benefit (DB) and defined contribution (DC) schemes facing numerous challenges.
This report highlights the key risks impacting pension schemes today, including regulatory changes, investment returns, and governance issues.
Our findings underscore the resilience and adaptability of trustees, sponsors, and advisers in navigating these challenges. We also explore the emerging role of artificial intelligence in pensions and extend our survey to cover DC schemes for the first time.
This report collates these views and presents the findings across the following areas:
- Long-Term Targets for DB schemes
- DB Investment
- DB Member Options and Support
- Operational Governance
- DC Structures
