The merger between Standard Life and Aberdeen Asset Management is to be investigated by The Competition and Markets Authority.

Eight hundred jobs are to be lost as a result of the merger between Standard Life and Aberdeen Asset Management.

Financial Planners, Paraplanners and analysts have been reacting to the merger of Aberdeen and Standard Life.

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.