Wealth Management

Aberdeen sells financial planning business to Ascot Lloyd

Deal will help streamline the £518bn fund group

New chief executive continues bid to simplify Aberdeen
New chief executive continues bid to simplify Aberdeen Photo: Alamy Stock Photo

Aberdeen has struck a deal to sell its financial planning business to advice firm Ascot Lloyd.

Chief executive Jason Windsor said the deal will help the £518bn fund group streamline and simplify its business structure.

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