Pension trade bodies in merger talks

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The National Association of Pension Funds (NAPF) is in discussion with the Pensions Management Institute (PMI) on joining together.

They will be working collaboratively over the next six to nine months to assess the detail involved in a merger and will inform the industry of their decision once the process has been completed. PMI president Paul Couchman (pictured) said it "seems to make good sense" for the organisations to pool their resources and experience to manage the "seismic shift" in pensions. He added: "An organisation combining our complementary areas of expertise would provide all our members with access to a single organisation that could offer comprehensive training and qualifications while effectively...

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