LONDON—Aberdeen Asset Management PLC and Standard Life PLC are in talks to merge in a deal that would create one of the U.K.’s biggest asset managers, a move that points up the pressure facing firms that focus on active bond and stock trading. A deal would mark the latest attempt to consolidate by fund companies that concentrate on stock and bond picking and face mounting competition from low-cost fund providers like Vanguard Group and BlackRock Inc. These investing giants are leaders in offering passively managed funds...

Source: Wall Street Journal March 04, 2017 18:08 UTC