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".
More top news
British actress Emma Watson called for more feminists in society and called upon men to promote gender equality in a speech at the weekend.
Twitter falls out of favour and Instagram makes ground in the 2014 CoolBrands UK survey.
At a reception tonight at the Labour Party conference, our correspondent Emily Morgan believes she saw a glimpse of formidable Team Miliband