Aberdeen outflows slow as Standard Life merger looms

Reports of retention bonus pot for star managers

Natalie Kenway
clock • 4 min read

Aberdeen Asset Management has reported outflows reduced to £2.5bn in the first three months of the year, while reports over the weekend suggest £35m has been set aside by the group and Standard Life to retain key managers following their proposed merger.

This morning in its half-year report, Aberdeen reported net outflows of £2.5bn in the first quarter of 2017, a marked slowdown from net outflows of £10.5bn in Q4 2016. However, this still means the group has reported 16 quarters or four years of consecutive outflows. Aberdeen said the reduction in outflows was a result of "improving sentiment towards emerging markets", with chairman Simon Troughton noting the group's EM equity and bond strategies saw £800m of net inflows during the first three months of the year. In addition, the group's multi-asset diversified growth strategy has att...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Becketts acquires Ipswich-based Swallow Financial Planning

Becketts acquires Ipswich-based Swallow Financial Planning

Owner Andrew Swallow to retire

Isabel Baxter
clock 15 September 2025 • 1 min read
Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Acquires Lifetime Financial Management Intermediaries

Isabel Baxter
clock 11 September 2025 • 3 min read
Finli prepares 'sizable' acquisition as leadership transition gets underway

Finli prepares 'sizable' acquisition as leadership transition gets underway

Acquisition will bring in more younger advisers, Finli outgoing CDO says

Sahar Nazir
clock 11 September 2025 • 3 min read