If you have an existing Personal Pension scheme that you are paying into, the appeal of a Stakeholder Pension scheme will probably depend largely on whether your existing contributions into your Personal Pension are not more than the Stakeholder Pension’s maximum annual contribution of £3,600.

If they do not, it might be in your favour to shift your Personal Pension to a Stakeholder Pension where the annual charges are lower.

However, whether you do this would of course depend on a lot of other factors, not least how well your Personal Pension is performing.

It would make little sense to shift out of your Personal Pension scheme if it was performing really well in the market. You would also want to take into account the charges/costs you would likely have to pay for transferring your Personal Pension.