Standard Life plc Acquires Ignis Asset Management

Standard Life plc confirms that Standard Life Investments (Holdings) Limited has today completed the acquisition of Ignis Asset Management Limited from a subsidiary of Phoenix Group Holdings for £390m. This follows Financial Conduct Authority consent to the proposed change in control.

Commenting on the transaction Keith Skeoch, Chief Executive, Standard Life Investments, said:

"The acquisition of Ignis is another step in Standard Life Investments' growth story, reinforcing our strong foundations, broadening our third party client base and increasing the range of investment solutions we offer.

"We look forward to working with our new colleagues and welcoming new clients to Standard Life Investments. Our priority remains the continued delivery of strong investment performance and the highest level of client service."