Standard Life in talks to buy Ignis for £400m

Ignis' parent company Phoenix Group confirmed it is in advanced talks with Standard Life over the potential bid. Other firms interested in acquiring Ignis are Canadian banking group RBC and the Australian investment house Macquarie, according to report in the Sunday Times. Ignis has £68bn in assets under management, and key funds include its £2.5bn Absolute Return Government Bond product, managed by Stuart Thomson and Russ Oxley, and George Shaw's £1.2bn UK Property fund. The group said in a statement: "Following an approach from Standard Life plc, Phoenix Group confirms that it has en...