What an honour it is to speak today. I thank my hon. Friend the Member for Cheadle (Mary Robinson) for having the foresight to move the Second Reading of her Bill and for her excellent contribution to the debate. I can confirm that the Government fully intend to support the Bill today.
As you will be aware, Madam Deputy Speaker, this is my seventh day in the job as Minister for pensions; I hope to be better than my predecessor. The bottom line is that it is an honour to do this job and try to address the genuine issue that the hon. Member for Westminster North (Ms Buck) raises, which is that we need to get this country saving more. With great respect, we are doing that. The state pension has almost doubled since 2010, thanks to the triple lock and the work of the coalition Government and the Conservative Government: it was worth less than £100 shortly before the 2010 election and is now worth up to £185-plus. As taxpayers, we are paying out well over £100 billion to our pensioners. We are providing huge amounts of support.
Automatic enrolment has been a massive success story under successive Governments. The simple truth is that automatic enrolment has meant constituents up and down the country saving in a way that never happened before. The proportion of young people saving with a workplace pension was less than 30% prior to 2012; it is now above 80%. For women with pension savings in a workplace context, the figure was less than 42%; it is now above 80% as well. These are transformational things. For example, in your constituency of Epping Forest, Madam Deputy Speaker, 13,000 people are now saving for a workplace pension. The Bill will genuinely help them to navigate things an awful lot better, so I am very pleased that my hon. Friend the Member for Cheadle has introduced it.