Half of corporate boards have examined the cost of running their pension schemes in the last year, according to a study.
Consultants Capita Employee Benefits said this was because of the "harsh economic environment" and employers looking to improve efficiency and "run leaner operations".
A survey of 72 pension managers and trustees found a further 11.1% believed that board-level scrutiny of scheme costs was imminent.
As part of a report to examine attitudes and practices of those responsible for trust-based pension scheme administration, the survey said 53.5% of respondents believed their scheme was "priced about right". But "what is considered a good price for pension managers and trustees may not be seen that way for the sponsor's board", said the report.
Stuart Heatley, sales and client development director at Capita Employee Benefits, said: "Cost will always be an important factor in running a scheme and pension managers and trustees need to be mindful of this when deciding how their scheme is administered."
The report said pension managers and trustees were also aware of other challenges such as pensions scams. In the last 12 months, 58.3% of participants had come across at least one scam, but 36.7% had not seen any and 3.3% respondents said they did not know how many cases there had been.
The firm said pension freedoms would introduce a number of changes to schemes. While more than half (52.8%) of respondents did not know or had not decided what changes would be introduced to their schemes, 40.3% said their schemes would allow for full crystallisation for a lump sum.
Another 31.9% said they would allow for full crystallisation for an annuity. Some 12.5% of schemes would allow for partial crystallisation for a sequence of lump sums and 12.5% would introduce a combination of drawdown and lump sums.
