The Pensions Minister has made various statements on the Government's intentions for pension reform. Key points include:

  • consultation on short service refunds is expected in November 2011;
  • measures will be considered to enable members' small pension pots to be consolidated in fewer larger pots;
  • risk-sharing models of pension saving will be reconsidered;
  • the need for additional consumer protection, for example a cap on charges in default funds, will be looked at.