Standard Life Investments (SLI) has agreed a £390m deal to acquire Ignis Asset Management from Phoenix Group.
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Friends Life is to pull a further £15bn of assets from F&C Asset Management by the end of the year, as it awards several mandates to a new investment manager.
Standard Life Investments has soft-launched a more aggressive version of its £20bn Global Absolute Return Strategies (GARS) fund and will roll it out widely in the next few months, Investment Week understands.
Schroders is set to hard-close a number of its most popular UK equity funds in the coming months, the group has said.