Before making a decision, you should look into the different plans you have and compare the different features including: the fee’s and charges, the fund selection and what services they offer at retirement. It's also really important to make sure you check if there are any exit fee’s.
Some pensions might offer special benefits or guarantees. These are called defined benefit pensions. It may not be possible to transfer these plans because of the advantages they provide you with. It could be best to speak to a financial adviser if you have a pension with these features to work out the best options for your particular circumstances.
With pensions, as with all investments, your capital is at risk and the value of your pension with Penfold may go up as well as down. You may get back less than you put in.