Liberal Democrats in government push for urgent reforms of public and private occupational pensions, delegates at the party's Spring Conference will hear.
Liberal Democrat and member-nominated trustee Janice Turner will deliver a policy motion on Saturday, backed by pensions minister Steve Webb, pushing for reform of both defined benefit (DB) and defined contribution (DC) pensions.
Turner will move a policy motion asking Lib Dems to act more decisively to protect DB pensions in the private sector.
She wants immediate reform of scheme actuarial valuation rules that make "scheme costs so volatile for employers".
Turner will also call for Lib Dems to lift "overly interventionist" regulatory practices which are triggered by longer deficit repair agreements and for them to oppose European-level legislation which would prompt further DB closures.
She will also propose merging local government pension schemes (LGPS) to save money on fees and administration.
The party is concerned about the proliferation of local government pension schemes with costly duplication of administration costs, fees and charges.
Turner also said there are inadequate regulations to ensure there are member-nominated representatives on all LGPS boards, and inadequate provision of training for LGPS representatives.
She also called radical reform of DC schemes "to achieve greater certainty of pension" for members.
The motion also pushes for investigation and action on industry charges, fees, annuity prices, benchmarks, transparency and disclosure including investment charges and charging structures to "ensure that pension schemes and their members achieve better value for money".
An ambitious objective
'Something completely new'
'Illusion of control'
Reasons to be cheerful
Total investment reaches £9m