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
Blizzard-like conditions at times across central Scotland with up to 20cm of snow on the hills. Warning in force until 10pm this evening.
Former pole-dancer Natasha Gordon has been jailed for fours years for encouraging the suicide of Matthew Birkinshaw from Walsall.
Love was in the air for two cabin attendants who were married by Pope Francis in an impromptu mid-flight ceremony.