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".
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.
More top news
A body has been found in Ireland in the search for one of the so-called Disappeared, 23-year-old Brendan Megraw killed in 1978.
The position, posted on the British Monarchy website, pays £16,000 a year for 20 hours a week.
The parents of missing 15-year-old Bristol schoolgirl who is believed to be heading to Syria have urged her to come home.