Standard Life and Aberdeen set aside £35m to keep star managers

Merged firm bids to hold on to star fund manager talent with £35m bonuses

standard life aberdeen £35m

Standard Life and Aberdeen Asset Management have set aside £35m in retention bonuses for star fund managers ahead of their merger.

The bonuses would be payable to fund managers who remain with the group for at least three years, Sky News reports.

It would form part of the £320m cost associated with the merger.

A Standard Life spokesperson confirmed the company had “specific plans in place to engage and retain” staff through the merger process.

The merger is reportedly set to put up to 1,000 jobs at risk and will result in cost savings of £200m a year.

The same week that the deal was announced, SLI announced its head of equities, David Cumming, was departing to pursue other interests.



Standard Life and Aberdeen eye smart beta entry as merger plans take shape

Aberdeen Asset Management and Standard Life have “big plans” to enter the smart beta arena as the merging firms prepare to present their new investment strategy. The divisional investment structure of Aberdeen and Standard Life, which will be presented to shareholders in early May, will focus on up to six investment strategies within equity, fixed […]


Foot Anstey: Non-compete clauses – the most powerful weapon for employers

In the current market, with fierce competition between competitors and where a more stable economy is encouraging investment in lateral hires, the need to protect your business and client relationships is becoming increasingly important. Restrictive covenants can be used to try to limit any potential damage to a business by a departing adviser. While the […]

Chris Davies: Why we need a protocol on restrictive covenants

Tisa’s commendable recent conference on restrictive covenants seemed to generate a general consensus on the need for a pan-industry protocol to alleviate a potentially litigious nightmare of aggressive and defensive behaviour when advisers decide to up sticks and leave a firm with clients willing to follow them. The very fact that Tisa facilitated an environment […]

India GDP surprise

By Kunal Desai, head of Indian Equities, Neptune Kunal Desai, manager of the Neptune India Fund, comments on the strength of India’s latest GDP figures. Click here for more Important Information Investment risks The Neptune India Fund may have a high volatility rating and past performance is not a guide to future performance. The value […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment