Standard Life Aberdeen gains UK regulatory approval for merger

Both the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) confirmed their approval to enable the merge between the two groups to proceed. The transaction remains subject to certain regulatory approvals in other jurisdictions and to final approval at a court hearing scheduled for 11 August.  The merger is currently expected to complete on 14 August 2017. Last month, Standard Life and Aberdeen Asset Management announced the members of the Investment Management Committee (IMC) of the combined group post-merger. Rod Paris (pictured), CIO of Standard Life In...