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Countdown begins to pensions explosion

The government’s auto-enrolment scheme is expected to generate £9bn a year of new inflows for the industry

Less than a year from now, the pensions industry is expected to get a £9bn annual boost from the government’s new automatic enrolment scheme, likely to attract between five million and eight million new savers.

Pensions providers are already jostling to ensure they win their fair share.

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