It is always worth considering whether moving from your current arrangement would be beneficial, whatever age you are.
It’s sensible to search different types of pension contract from different providers until you find one offering the charges, options and service you want.
Your current provider may also have a better pension plan it could move you to. However, you should take care you are not giving up any valuable guarantees by transferring.
Some older contracts have exit penalties, so check that before making a decision. As always, taking professional financial advice is recommended.
Andrew Tully is pensions technical director at MGM Advantage