The Pensions Regulator has issued a warning for workers who are currently saving into a final salary scheme.
According to a report from the organisation, some employers are using financial inducements to tempt employees out of the schemes and other, less expensive, pension plans.
However, final salary schemes tend to offer stronger guarantees of retirement income to savers than the alternatives.
The expense of running final salary has led many firms to close their schemes over recent years.
A poll from the Confederation of British Industry also showed that four in five company directors expected most of the remainder to be blocked off over the years to come.
David Norgrove, chairman of the Pensions Regulator, said: "There may be individual circumstances that lead some individual members to make a transfer decision based on sound rationale and advice – but in general it is unlikely to be in members’ interests to transfer out of a [final salary] scheme."
Retirees disappointed by their income can also use a non-pensions alternative such as an equity release plan.
This involves a homeowner unlocking equity held in their property to generate either a lump sum payment or a regular income.
Potential applicants should consult an equity release calculator to find out how much they might receive.
Mr Norgrove gave the comments at a conference of the National Association of Pension Funds.
Posted by Richard Planner
