swip

Aberdeen Asset Management completed the acquisition of Scottish Widows Investment Partnership (SWIP) last night, paying £550m for the business.

Scottish Widows Investment Partnership's chief executive Dean Buckley is to leave as Aberdeen Asset Management realigns its investment division following its takeover of the Scottish group.

M&G's Richard Woolnough has said fixed income investors should overcome their fear of duration and embrace an expected uptick in 100-year bond issuance this year, but peers are sceptical about the bonds.

FUND SELECTION Q&A

The Financial Conduct Authority has approved Aberdeen Asset Management's acquisition of Scottish Widows Investment Partnership (SWIP).

Investors have sunk nearly £35bn into underperforming funds, with Fidelity the worst offender by number of products, according to Chelsea Financial Services.

THE BIG QUESTION

ONE TO WATCH

A new wave of outperformance for high yield debt plus a return to financing strategies seen pre-crisis have begun to alarm bond fund managers.

Top UK stockpicker Henry Dixon has warned fellow shareholders in Aberdeen Asset Management they face a tough six months, but said the longer-term outlook for the group remains strong.