The references to Accountant in previous posts should refer to 'Administrator', as not everyone uses an accountant to administer their fund (just making a clarification). Also, you need to check what their process is for getting up to date valuations before starting a pension. Some Administrators won't do anything until they have done interim accounts or the whole years returns, or at least log all the transactions into their system.
The cost thing is very relevant, as this can reduce the benefits of resetting the pensions each year.
The above are actually the negatives of SMSF's that I have seen.
