Interactive Investor / Abrdn Merger

Secret2ndAccount

I got am Email from Interactive Investor today. I don't think the news is a surprise to anybody, but I thought I would post the info on here for those who are interested but don't hold an ii account. Here goes:


Dear [Secret2ndAccount]

I am writing to you to make you aware that, following extensive discussions, and subject to the necessary approvals, interactive investor will become part of the abrdn group. ii will remain the UK’s leading flat-fee platform, offering subscription pricing and a whole-of-market investment choice, only now with access to abrdn’s additional capabilities across research, advice and wealth management services.

We will also obviously benefit from being part of one of Europe’s largest investment and wealth management firms, with a 200-year history and a vision and values closely aligned to our own. I would like to highlight the following: ii will continue to operate as interactive investor (ii), as part of the abrdn group.  ii pricing will remain the same. We are committed to our transparent, fixed fee subscription pricing. ii is a vibrant, growing business and Richard Wilson will continue to lead the company.  Both abrdn and ii remain individual regulated entities. This means customers of both companies will retain full FSCS protection for each. Our award-winning news and analysis is here to stay. We remain impartial and editorially independent.   This is the beginning of an exciting new chapter for interactive investor and I look forward to being able to serve your investment needs long into the future, bringing the best value, choice, transparency and service that you rightfully expect. Thank you for investing with interactive investor. Richard Wilson Chief Executive Officer interactive investor

Alexland

There is already a thread over in Savings & Investments

https://forums.moneysavingexpert.com/discussion/6310498/aberdeen-takeover-of-interactive-investor

dunstonh

its also not a merger

Secret2ndAccount

Alexland said:

There is already a thread over in Savings & Investments

https://forums.moneysavingexpert.com/discussion/6310498/aberdeen-takeover-of-interactive-investor

Yeah, I read that thread a little while back. Seemed it had turned into a giant whingeing session long before the deal was finalised. I was hoping we would be a bit more productive on this side

QrizB

I've got my SSISA with ii, should I expect anything to change in the short term? (FWIW I'm not expecting anything to change ...)

DoublePolaroid

Richard Wilson? I don’t believe it!

dunstonh

Abrdn bought the old AXA platform a good number of years ago and barely anything has changed.  Although the charges went down a few years back

Albermarle

Maybe they will rebrand it soon to 'X' 

westv

Albermarle said:

Maybe they will rebrand it soon to 'X' 

Or Intctv Ivstr

IvanOpinion

I was thinking more that abrdn just found a way to buy a couple of vowels