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Invesco and Perpetual pensions to merge

Invesco-Perpetual, which merged in October 2000, says it intends to combine the existing range of Invesco and Perpetual funds by Autumn this year.

David Butcher, currently head of the company&#39s recently launched defined contribution business, will become managing director of the combined businesses.

Butcher says: “Within these two businesses we will have investment expertise in both retail and institutional markets, experienced member communication specialists and an excellent administration service, including internet based administration solutions.”

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