A stakeholder pension is a flexible beast. If you have one you can also move funds from one stakeholder pension to another, normally without charge.
However, do be aware that if you take advice from a stakeholder pension provider over the pros and cons of moving, they may charge you a fee.
Transfer existing pension
You may be able to transfer your existing pension into a new, low cost stakeholder pension to your current non-stakeholder pension provider and, again, they may well charge you a fee to do this. If you are considering transferring a personal pension fund into a new stakeholder product, ask for both a current valuation and a transfer value. Also, get a projection of final income from a new stakeholder pension value – and contrast it with your current arrangements.
Don’t forget that if you feel the disadvantages outweigh the advantages here, you can still take out a separate stakeholder pension anyway. It is always tempting to make a fresh start in some aspects of financial planning, but many company pensions have very strong investment records, so it might also pay you to leave things as they are.