Fund managers Aberdeen Asset Management and Standard Life have agreed terms for an all-share merger.
It would have been remiss of me not to mention this story today as this board is meant to cover some business topics too.
This merger creates a "powerhouse" in active management, the companies' announced today. So what?
I, like I expect many people, ditched active funds and their excessive charges ages ago.
Is this just one of the last dances in a dying industry or will they actually grow stronger than ever?