David Cameron believes "it is right to give people greater choice" when it comes to their retirement, the Prime Minister's official spokesman said.
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."
More top news
On the day of the race, the fundraising website went down due to a rush of last-minute donors.
The device was found outside the gates of Holy Cross Boys' Primary School in Belfast.
The Liberal Democrat leader has been attacked after he refused to say that he does not believe gay sex is a sin.