The biggest benefit of a pump is not cutting back the amount of diabetes paraphernalia you have to carry around with you. It is the huge benefit of being able to adjust your basal dose very easily for different times of the day and different activities. This is achieved by delivering fast acting insulin throughout the day as your basal insulin.
Whilst pumps are waterproof, I usually remove mine when showering/bathing/swimming. They can be removed for 30 minutes to an hour without much problem.
Regarding ripping out the cannula: it can happen but it is rare especially if you keep the tube tucked in.
I have spare insulin pens in case of pump failure but, generally, do not carry them around with me during the day. I know some pumpers do but I find a syringe gives me peace of mind in case of failure.
When I go away, I take a larger bag of bits than when on the pen: in addition to spare pens, I also carry all the stuff necessary to change the cannula and cartridge on my pump (which needs to be done every 2 to 3 days).
For me, the pump has been great but it is not a silver bullet, it is not more convenient and requires at least as much effort as pens.
If you are thinking of going for a pump, I would seriously consider why you want it and why the NHS should invest the extra for you to have it. This last bit may sound harsh but a pump is not available to everyone because it is much more expensive than injecting. So there needs to be some justification. The extent of this justification varies per area: for me, my diabetes nurse supported me to reduce hypos and continue exercising; in other areas, the person with diabetes has to push very hard and provide evidence to support their need.