Customers promised better service in the wake of pension fund merger

In a deal worth $10 million, Arka-Invesco, which is controlled by Amvescamp, is to merge with Pocztowo-Bankowe PTE. The two pension funds, which waited just 50 days for the Pension Fund Supervisory Office (UNFE) to give its approval for the merger to go ahead, say the new pension fund will be consolidated within the next three months. "Now we can count on giving improved customer service," said Hubert Harris, head of Invesco Retirement Plan Services. The new pension fund will be known as Poczta Polska Cardif BNP Paribas Arka-Invesco PTE, and the merged funds will operate under the name of Pocztylion. After the merger, the fund will have 450,000 clients, and its assets will be zl.273 million. (Puls Biznesu, p. 5) J.K.