Job losses likely as Standard Life and Aberdeen reveal £11bn merger terms

Deal expected to cut costs by £200m a year with planned merger set to push competitors to consider rival tie-ups

Standard Life and Aberdeen have set out the terms of their proposed £11bn merger, saying they expected the deal to save the combined companies up to £200m in costs.

The deal comes as asset managers which charge a higher fee to make active investment decisions face the twin pressures of rising regulatory costs and lower fees, amid rising competition from low-cost rivals.

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from Mergers and acquisitions | The Guardian http://ift.tt/2mdj93X