View more on these topics

FCA approves Standard Life Aberdeen merger

Sign-Signing-Letter-Contract-Business-700.jpgThe FCA has approved the merger of Standard Life and Aberdeen Asset Management.

In an announcement this afternoon, the companies stated that the regulator, along with the Prudential Regulation Authority, has confirmed its approval.

With the deal due to complete in three weeks’ time, it still remains subject to regulatory approvals in other jurisdictions and to a final approval at a court hearing scheduled for 11 August.

Standard Life/Aberdeen merger: What we know so far

It is expected to complete on 14 August.

The Competition Markets Authority gave the £11bn merger the green light in June, following approval from shareholders.

The deal will create the UK’s largest asset manager with assets under management set to total around £660bn.

Catch up on all Money Marketing’s coverage of the Standard Life/Aberdeen merger here.

Recommended

Business Handshake 480

Competition regulator approves Standard Life/Aberdeen merger

The Competition Markets Authority has given the £11bn Standard Life and Aberdeen Asset Management merger the green light putting the deal on schedule to complete before the end of summer. A regulatory note on the London Stock Exchange confirms the transaction has been cleared unconditionally. The merger, which was approved by shareholders on Monday, will […]

Standard-Life-Building-700x450.jpg
2

Standard Life challenged over potential Scottish Widows deal

Analysts have questioned the motivation behind Standard Life’s potential acquisition of Scottish Widows They argue time might be wrong for Standard Life to engage in another deal, as reports suggest talks with Scottish Widows will kick off this week just as Standard Life and Aberdeen shareholders have officially approved their £11bn tie-up. Lloyds Banking Group, […]

Fawcett-Jeremy-Platforum-2013-700.jpg

Platforum: How the D2C platform market is evolving

We may hit peak oil before 2020 after which production goes into terminal decline. At Platforum’s recent D2C & Digital Investing conference, it was suggested by Econsultancy founder Ashley Friedlein that we have already hit peak CDO – the point at which the chief digital officer function is most prevalent in companies. Of course this […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment