No answers... just a checklist to cover most bases.
What fees are being charged? From the pension provider, fund managers, or financial adviser.
What life changes affect pension arrangements? Change in marital status - death benefits.
How are the assets invested?
Independent or Company Pension?
Company bankruptcy rules?
Understand the limits of the PBGC (Pension Benefit Guarantee Corporation)
Assumed investment returns?
Stop, increase or decrease contributions?
Does pension have safeguarded benefits?
Calculations involve spouse?
How are investments performing?
Death in service or disability benefits?
Are guaranteed annuity rates attached or life cover.
Retail Distribution Review (RDR), what are the charges?
Costs to transfer pension?
Is fund being managed actively or passively?
Choose a Guaranteed Annuity Rate if available?
Single or joint annuity?
Will claiming pension affect State Benefits or State Pension?
Know withdrawal options?
Tax free amount for full withdrawal? 25% withdrawal?
Public or private advisor?
Measured your life value against leaving money on the table?
Know total pension funded percent?
Considered negotiating an annuity based on health?
Considered what government changes could be imposed?
Know PBGC dollar guarantees?
Considered combining multiple pension pots?
Interesting blog about pension management:
Pension Pulse: 300 Tough Questions To Ask Your Pension Fund Managers and Trustees