Navigating the pensions maze

Aside from the sacrifice of the monthly pension deduction, their employer largely took care of building up the pension and then paying an income for their former employees when they finally retired. If alarm bells are sounding about an old pension, either due to high fees or how it is managed, you can consider transferring your money to another workplace pension, or to a personal pension. The OFT has recommended that the Department for Work and Pensions DWP consults on preventing schemes being used for auto-enrolment that contain inbuilt adviser commissions, or that penalise members with higher charges if they stop contributing into their pensions. Larger schemes have been required to have member-appointed trustees since the Pensions Act of 1995, but there is little clear evidence that schemes have become better run since then.

Source: http://www.ft.com/cms/s/0/78cd70ba-26a1-11e3-9dc0-00144feab7de.html?ftcamp=published_links%252Frss%252Fpersonal-finance%252Ffeed%252F%252Fproduct