Business in Brief
UK REGULATORS the Financial Conduct Authority and the Prudential Regulation Authority have given their approval for the merger between Aberdeen Asset Management and Standard Life to proceed.
The news comes after the Competition and Markets Authority last month gave its clearance for the deal, which is expected to complete on August 14.
The integration of the two firms is expected to take three years to complete, with 800 out of 9,000 jobs expected to be cut over that time.
The merger remains subject to regulatory approvals in a number of other jurisdictions.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
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Read the rules here