About time. As someone who has come off very badly at the end of a so-called personal pension plan, I feel quite strongly about it. For instance, when an insurance company says it makes a 1% admin charge, this isn't just 1% of the amount of your monthly contribution. It's 1% of you accumulated 'pot' every year. So if you've accrued £100,000 (which I hadn't) they would be creaming off £1000 per annum towards the end. Outrageous. Don't get me started on annuity rates...and of course I've missed the boat for getting it all back.