I'm in a similar position, I set up a self-admin pension and paid in when I was a self-employed contractor operating a limited company during the noughties. I invested 40k of it in a UK property fund, so heres the issue; I'm incurring annual admin charge on the fund of e500+VAT however, the property fund which was originally planned to discharge about 5 years ago has not been discharged. I have some cash also 20k left in the fund, which is being whittled away all the time by these charges. I would like to move into some more cost effective vehicle - I think I should have cut my losses long ago and moved the cash back into a regular pension product, but what if anything can I do about the Property Fund investment and the fees the trustee continues to charge?