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ABI welcome OFT pension scheme inquiry

17 January 2013 Last updated at 12:32 GMT

The Association of British Insurers (ABI) has welcomed an enquiry from the Office of Fair Trading into pension schemes.

Workers will be automatically enrolled in defined-contribution schemes over the next five years.

Director of Life and Savings at the ABI Stephen Gay told BBC News that customers needed to be reassured that saving in a pension was money well spent.