Standard Life in talks with Ignis Asset Management

A statement by Standard Life to the London Stock Exchange confirmed previous press speculation over a possible acquisition.

He said the Edinburgh-based provider was in “in exclusive and advanced discussions” with the owner of Ignis, the closed life consolidator Phoenix Group Holdings.

The statement added that discussions were “on-going and there can be no certainty that any transaction will be agreed”, claims reinforced by a statement by Phoenix, which will update the market when it published its yearly results tomorrow (Wednesday 26 March).

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Other parties reported to be interested in Ignis include Canadian banking group RBC, and Australian investment firm Macquarrie.