Cameron: Pensions reform 'the right thing to do'

David Cameron said giving people freedom with their pensions funds was "the right thing to do" and that this was "the right time to do it". He made the comments during a PM Direct event this morning.

Cameron: 'Why shouldn't we help bingo players?'

The Prime Minister has defended the controversial poster which said Budget help for bingo players and the price of beer were "to help hardworking people do more of the things they enjoy".

Speaking to ITV News Deputy Political Editor Chris Ship, Mr Cameron said: "I didn't see the poster myself....I think actually people have been very patronising to say that we shouldn't help bingo and that we shouldn't make sure that responsible drinkers can afford a pint in the pub."

Read: Tory bingo and beer advert criticised

PM hints at protecting benefits for wealthy pensioners

David Cameron has hinted that protecting benefits for wealthy pensioners would go into the Conservatives' next manifesto.

The Prime Minister said not giving benefits, such as winter fuel allowances, bus passes and cold weather payments, to top-rate taxpayers would save only "a tiny amount".

Prime Minister David Cameron speaking at a PM Direct event earlier.
Prime Minister David Cameron speaking at a PM Direct event earlier. Credit: Steve Parsons/PA Wire

Speaking to Saga members in Peacehaven, near Brighton, Cameron said that cutting the benefits would also "introduce another complexity into the system".

He told the audience: "We will set our policy for the next Parliament at the next election. I don't want to pre-judge that.

"But the only thing I would say is that people think you save lots of money by not giving these benefits to upper-rate, top-rate taxpayers."

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PM 'believes it is right to give people greater choice'

David Cameron believes "it is right to give people greater choice" when it comes to their retirement, the Prime Minister's official spokesman said.

Prime Minister David Cameron speaking at a PM Direct event earlier.
Prime Minister David Cameron speaking at a PM Direct event earlier. Credit: Steve Parsons/PA Wire

He told a Westminster media briefing: "These are people who have been saving for many years in defined contribution schemes and we trust them in the decisions they make.

"It's not for me to give advice. It is about ensuring that good advice is available to everyone."

PM: 'Condescending' to suggest pensions cash blowout

David Cameron told ITV News it was "very condescending" to suggest people who are given the opportunity to drawdown money from their pensions will spend it all at once.

The Prime Minister told ITV News Deputy Political Editor Chris Ship: "I think it is a very condescending view to say to people who've worked hard, who've saved, 'We don't trust you because we think you're going to blow all that money you saved on one item or one holiday'.

"I simply don't believe people will do that ... These people who've worked hard, who've saved, they've been thinking about their retirement and it's only fair to let them spend their money in their retirement as they choose".

Read: Cameron says pension reform 'the right thing to do'

Cameron: 'Good to talk' about pensions at event

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Good to talk @sagauk event about how our pension & savings plans in #Budget2014 are about helping & trusting people. http://t.co/Ioze7eXFws

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Read: Cameron says pensions reform 'the right thing to do'

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Cameron: Pensions reform 'the right thing to do'

David Cameron said giving people freedom with their pensions funds was "the right thing to do" and that this was "the right time to do it".

Prime Minister David Cameron addresses a PM Direct event in Brighton.
Prime Minister David Cameron addresses a PM Direct event in Brighton. Credit: ITV News

The Prime Minister told an event in Brighton that he doesn't believe people are "fundamentally irresponsible" or that they will spending all the money they draw down from their pension.

Watch live: Cameron talks pensions at PM Direct event

'Condescending view' people will blow pension cash

Prime Minister David Cameron told ITV News Deputy Political Editor Chris Ship:

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On pension reforms, Cameron tells @itvnews it recognises that low interest rates have not been good for pensioners.

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"Too early to tell" says Cameron if annuity reform will fuel boom in buy-to-let housing market

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On Lamborghinis Cameron tells @itvnews: it's a "condescending view" that ppl will "blow all the money" they've saved for on one item

Cameron gets standing ovation before event starts

ITV News Deputy Political Editor Chris Ship, who is at David Cameron's PM Direct event, wrote on Twitter:

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Cameron got cheer & standing ovation BEFORE his talk here. Either they are all Tories or they really like the Budget http://t.co/4QPa0ThMBC

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Read: Cameron says pensions reform 'the right thing to do'

PM: Tory bingo advert 'massive storm in a teacup'

Prime Minister David Cameron told ITV News Deputy Political Editor Chris Ship:

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On that BINGO ad - Cameron says "I didn't see the poster myself" & and "patronising to say we shouldn't help bingo and pint in the pub

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Cameron calls the BINGO poster a "massive storm in a teacup"

Read: Tory bingo and beer advert criticised

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