Small Pension - GMP

Hi

Was going to revive my old post from 2006/2007 but 'tis closed, so....

This question specifically relates to the GMP pension with Aegon.

Scottish Equitable (Aegon)

GMP at NRA (60) £1228 (figure all post 88 GMP)
GMP Revaluation Rate: 7%

Plan Value (Reserved): £5100
Transfer Value: £8100

No mention of MVR being applied if transferred. Not that we are thinking of doing that specifically

This is obviously one of the older style pensions and Aegon take their pound of flesh each year, selling units to pay the AMC, and the fund has grown slightly (but not significantly) over the years.

The question I have is...

A Pension of £1228pa based on a (current) fund value of approx £5100/£8100 sounds great value (for us).

Firstly, what is the possibility that on obtaining 60 (NRA of plan) Aegon will confirm that there is insufficient funds in the plan (assuming ongoing charges/growth remain equal) to pay the GMP, and would confirm/offer a lower pension? (I know this goes against the concept for the GMP but...)

Secondly, whilst they are under no obligation to do so, is there any example of pension providers, with these types of GMP liabilities, offering to 'pay off' clients with a larger transfer value?