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Yes, you need to be careful and employ an IFA. You cannot move a SIPP to a QROPS without an IFA. You need to do your research on QROPS. There are a few self-invest QROPS out there that have low annual charges (<£800 for 1 mil portfolio) without percentage based charges. In addition, the IFA you...
One option when you approach the LTA is to transfer your SIPP to a QROPS abroad eg Europe. This is a crystallisation event. You can still live in UK and benefit from the QROPS pension, or you can benefit from it were you to retire abroad. The QROPS can continue growing and it no longer becomes...