Consolidating workplace pension to SIPP - is now the right time?

SamDude

I have a workplace pension with Royal London which is invested in their Governed Portfolio 7. This is made up of RLP Global Managed (81.29%), RLP Property (11.56%), RLP Commodity (4.80%) and RLP Global High Yield Bond (2.35%).

The value is around £110k (or it was up until yesterday) and I pay around £3k into it via monthly salary sacrifice.

Separately, I have a SIPP with ii, which is all in with HSBC FTSE All-World Index Fund Acc C. 

This is around £160k and was built up from combined workplace pensions from previous employers.

I am considering doing a partial transfer of £100k from my RL pension into ii. This is to take advantage of the fixed SIPP fee (£12.99/month) and my choice of 100% equities with the HSBC fund. It will save me the 0.42% RL fees (but they do have a profit share which effectively reduces the fee to approximately 0.35%). 

I will continue to contribute into the RL workplace pension on a monthly basis. Over the longer term, I would look to do a RL > SIPP transfer when the RL balance hits £50k.

My original question was going to be - is this a sensible idea? 

But now my question is - is this a sensible idea right now? (i.e. doing a transfer when markets are going downwards).