Aberdeen Standard Investments has launched a new fund that utilises machine learning to identify sources of potential returns.

Parmenion, the adviser platform and investment service, has told users that there will be no change to the way it operates despite the merger this week between its parent company Aberdeen Asset Management and Standard Life.

The merger of Aberdeen Asset Management and Standard Life has completed today to form Standard Life Aberdeen, a financial giant with with assets under administration of £670 billion.

Standard Life and Aberdeen Asset Management announced today that they have reached agreement on a recommended merger which will see the two combine to create a group with £660bn in assets under management and financial strength.