Lib Dems to push for radical pension changes

Jenna Towler
clock

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 defici...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Exploring pensions outsourcing as a route to unlocking efficiencies

Exploring pensions outsourcing as a route to unlocking efficiencies

'Unlocks the potential for iterative improvement'

Julia Fintz
clock 24 December 2024 • 7 min read
Government confirms no compensation for WASPI women over state pension age changes

Government confirms no compensation for WASPI women over state pension age changes

DWP finds communication delays did not amount to financial loss

Martin Richmond
clock 17 December 2024 • 4 min read
Chancellor's move to pause Pensions Review 'deeply disappointing'

Chancellor's move to pause Pensions Review 'deeply disappointing'

Rachel Reeves has reportedly pressed indefinitely paused the review

Jenna Brown
clock 16 December 2024 • 3 min read