FTSE-100 asset manager Abrdn is looking to cash in on the boom in lockdown trading by striking a deal with Interactive Investor, one of the UK's largest DIY stock-picking platforms.
The discussions, first reported by Sky News, will put Abrdn, a business previously known for its funds and pensions prowess, into direct competition with the likes of Hargreaves Lansdown and AJ Bell in the retail investing market, as chief executive Stephen Bird looks to reshape the business after a year in post.
