The National Association of Pension Funds and the Pensions Management Institute are discussing the possibility of merging the two organisations to deal with the “seismic shifts” in the pensions industry.
The NAPF represents trust-based occupational pensions schemes, while the PMI is the trade body for the professionals who run pension schemes.
PMI president Paul Couchman says combining the organisations would help deal with the “seismic shifts in the pensions landscape”.
He says: “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 representing their interests to Government and regulators.”
NAPF chairman Ruston Smith says: “The complementary services and capabilities of both our organisations offer great opportunities to provide an overall stronger proposition for our members, including even better education and a stronger voice to promote the importance of workplace pensions and retirement benefits for savers in the UK.”
A decision on whether to go ahead with the merger is expected in between six and nine months’ time.