The National Association of Pension Funds (NAPF) and the Pensions Management Institute (PMI) announced that any plans on merging the two organisations have been closed.

The PMI is the professional body which supports and develops the HR experts who run United Kingdom pension schemes. It has 6500 members who are dedicated to maintaining the highest levels of pensions knowledge.

The NAPF is the voice of workplace pensions in the UK. It spreads best practice among its 400 members and promotes policies that add value for savers.

Paul Couchman, President of the PMI said that the discussions with NAPF had been positive and that there was a long exploration of the many complementary areas of expertise that both organisations offer.

The Chairman of the NAPF, Ruston Smith, also released a statement that seemed a bit more disappointed.

“We must…respect the PMI’s decision not to pursue this opportunity,” Smith said. “The NAPF continues to fulfill the needs of our members by providing them with the high quality services they require, including education and policy solutions.”