You may have heard or read in the news that Standard Life and Aberdeen Asset Management have announced a merger. You might be wondering how this might affect you.
None of Carbon’s portfolios invest in any of Standard Life’s funds or Aberdeen’s funds so there is nothing to be concerned about.
Carbon uses Standard Life to provide an investment administration service through the Standard Life WRAP. Whilst the service we receive could be impacted negatively if resources were to be redirected away from WRAP to focus on issues arising from the merger, Standard Life’s Chief Executive, Keith Skeoch wrote to us yesterday stating;
“(The deal will) Bring scale, as one of the largest active investment managers globally with £660 billion of proforma assets under administration and financial strength, transforming the Combined Group’s ability to invest for growth, innovate and drive greater operational efficiency.”
Investment, innovation and efficiency are all things Carbon have been trying to drive forward with Standard Life over recent years. If this merger helps this to be delivered then you should see a benefit going forward. We will continue to monitor developments with the WRAP platform and in time I would hope to be able to report some positive improvements.
This blog post was written by Gordon Wilson, Carbon’s Managing Director. You can view his profile here.
If you have any specific questions then please do not hesitate to contact Gordon directly on 0131 220 0000.
We have offices in Edinburgh, Glasgow, Aberdeen, Perth and London. You can contact us at any of our offices, or by email.
Carbon Financial Partners Limited is authorised and regulated by the Financial Conduct Authority. The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.
The Financial Conduct Authority does not regulate some forms of tax advice.
Registered in Scotland #SC386400.
Registered Office: 61 Manor Place, Edinburgh EH3 7EG, Scotland.
© Carbon Financial Partners 2020
Site designed and developed by Art Department