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Standard Life completes £390m Ignis acquisition

Standard Life Investments’ £390m acquisition of Ignis Asset Management has been approved by the FCA.

The deal, which was confirmed in April, is designed to increase the division’s investment capacity.

Standard Life Investments chief executive Keith Skeoch says: “The acquisition of Ignis is another step in Standard Life Investments’ growth story, reinforcing our strong foundations, broadening our third party client base and increasing the range of investment solutions we offer.

“We look forward to working with our new colleagues and welcoming new clients to Standard Life Investments. Our priority remains the continued delivery of strong investment performance and the highest level of client service.”

Ignis made £150m in revenue last year, producing earnings before tax of £52m. The acquisition will make SLI one of the UK’s largest asset houses.

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  1. RDR and Competition reduces further – Standard Life already owns how many companies ? from 360 to Tenet share and now Ignis . . . .Perhaps a financial journalist could look at all the companies Standard life owns or has major share holidings in . . .and who Controls each of these ? Thsis would be form the Stan dread Life Wrap – and like Edinburgh based bank TSB – who purchased Halifax and Bank of Scotland and Lloyds – under the personal coaching and personal intervention of Gordon Brown ( ex MP and Ex PM ) – we now see what used to be Europes Largest investment manager – reduced. With September on its way and the winds of change . . .where will Stranded Life base their operations ? With the Chaos caused by Cameron . . . and his slagging off other Eurpeans – and his apparent principle – that ” he wants to be able to control the destiny of the UK ” – but refuses Mr Salmond the opportunity – to control or operate without the shackles of Parliament . .or the reduced amounts of income – and centralisation og Governments which have shown throughout history ( even at Eton ) they do not work efficiently or effectively – but they offer great vanity and eg o caressing for those who claim the Power – but not the responsibility and for the Stalanist Freak Control Merchants ( better known as the Power Crazed ) – their further imposition of additional tax – and the increasing tax burden of Conservative and Liberal Government ( including auto enrolment ) — to the detriment for savings or pension funding. Still at least Cameron is preparing to have all pensions operated through Standard Life – some savers might benefit after the high charges ( disclosed and non disclosed ) – or like Equitable Life and Scottish Widows – stran dread Life will disappear – along with the pension funds of millions . . . . alternatively they could sell them annuities ? However, it will give the FCA and Mr Wheatley something to do – to claim their huge salaries and pension funds ? I wonder if Mr Wheatley’s pension funds are with Stran Dread Life ? I am aware standard life offers ” better commercial contract terms ” to MP’s ( as other companies do . If this were in the Financial Advice arena – it would be considered ” An Inducement “, which standard life claims to refuse to pay – or service – or provide funds for training purposes – in any other place except the Gherkin which I understand is insolvent and from where other major frauds are committed – Nice One Boris ! ? ! Good way to elicit funds by way of rental income from companies who operate in this field .

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