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Due to concerns that UK consumers are saving insufficiently for their retirement, employees are to be automatically enrolled into pension schemes. The initiative will start to roll out in 2012 and will be fully implemented by 2018. However, due to the current squeeze on many consumers' incomes, Datamonitor believes that it is not the correct time to initiate the program.
In most countries, banks, telcos, and online providers are fighting for a piece of the mobile wallet space. However, in Turkey and New Zealand competing players have banded together to establish a national mobile wallet scheme.
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