Standard Life and Aberdeen Asset Management have gained UK regulatory approval for the groups' mega-merger, which is set to complete on 14 August.
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...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
