I will not be speaking for as long as I did yesterday in the Adjournment debate. I will just say a few words about the Minister, who is a great neighbour. He is the sort of neighbour that an MP would want to have next door, and he is always incredibly helpful and friendly. I echo the words of some of my hon. Friends about the tragedy that he and his wife, who are both personal friends of mine, have suffered. I wish them all the very best for the future. I add my name to the tributes that the Secretary of State paid to him in his role as Pensions Minister. He has been superb in government for many years. Whether he will continue in that role or be elevated—I hope he will be—who knows? He has certainly been great in his job.
I pay tribute to some of my hon. Friends from the 2019 intake who have made contributions. My hon. Friends the Members for Grantham and Stamford (Gareth Davies), for Newcastle-under-Lyme (Aaron Bell) and for Delyn (Rob Roberts) have a huge amount of personal experience in this area, and it is great to see that expertise being brought to the Floor of the House.
For many people, the two major contributions that Parliament and the Conservative Government have made to their lives will probably be the long-term positives of the last 10 years of auto-enrolment and the raising of the threshold at which people start to pay income tax. Those are probably the two largest financial measures of which they will feel the effects over a long period of their lives. The Bill builds on a lot of that great work.
The CDC scheme in part 1 is a welcome measure. I am glad that it has union support, and I know that Royal Mail workers in my constituency are looking forward to benefiting from it. On strengthening the powers of the regulator, from my conversations during the last few months with Members on both sides of the House about pensions issues that have affected their constituents over many years, it is clear that any such strengthening will be welcomed. I am glad to see that in part 3 of the Bill.
On part 5 of the Bill, we can all welcome the extra choice and empowerment delivered to our constituents by the introduction of the green initiatives that other hon. Members have mentioned.
I know that part 4 and the dashboard have been the subject of much debate today. I have had 11 jobs in the past five years, never mind a lifetime, so I very much welcome the proposal. However, I hope that the voters of Durham North West will change the habit of a lifetime and keep me in place for many years to come.
An aspect of auto-enrolment is that people go into it when they are aged 22 or earning over £10,000 a year. Many of my constituents start work at 18 and it would be good to see their circumstances considered if not necessarily by this Bill but in future, so that young people contribute as soon as they enter work. I started work at 16 and can only imagine the extra pension pot that I would have—maybe even as large as the one that my hon. Friend the Member for Delyn mentioned—if I had contributed from an even earlier age. When people start contributing early, those contributions have the greatest cumulative effect. I hope that, when the Government think of people in constituencies like mine who go straight into work at the age of 18, they will consider introducing measures that make saving from the earliest point possible even easier.
The Bill is forward thinking and builds on a lot of the good work done by Members in all parts of the House over the past few years. It strengthens protections for people and provides clarity, particularly in the proposal for a dashboard. As someone with many pension pots that I have now managed to amalgamate, I quite understand that this is an important step in the right direction for those who change jobs frequently or who are in different sorts of temporary work. I welcome the Bill.
3.31 pm