Of course you should lock your money away in a highly incentivised (too good to be true?) scheme without the ability to withdraw any of it until you are at least 55.
The Government make the rules & you can trust them surely?
You know they love looking after the working class over & above the investment & banking sector so what could go wrong?
Pension schemes are regulated by “The Prudential Regulation Authority”, the same company that was involved in pension abuses through three different decades, so all good there.
The financial greats who get to invest the money on your behalf obviously won’t be stupid enough to fall for AAA rated bonds full of subprime mortgages. After all there are ratings agencies who check & certify all that complicated stuff for them so no need to check themselves.
You will also have been warned time & time again that investments can go down as well as up & you may get back less than you have invested so you can trust they are being open with you.
In order to keep you safe from bad investments such as gold (I mean real physical gold, not ‘paper’ gold) the regulators will prevent you investing your pension money in that.
So sure, go ahead & lock your money away for 25 years and hope the FIAT currency you will be paid out in still has the trust of the people (& hence some value) from 2047 onward.
Every Ponzi scheme has winners, where will you be on that pyramid?