Phoenix Group announces its results this morning amid speculation that it will unveil the sale of Ignis Asset Management to Standard Life.

The Edinburgh-based group confirmed at the weekend that the two companies were in "advanced talks", sparking an expectation the deal had been readied for announcement today.

Ignis is valued at around £400 million, and is seen as a way for owners Phoenix Group to help pay down its £2 billion of debt, while Ignis's £68billion of assets would add more than a third to the £184bn at Standard Life Investments.

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Ignis employs 249 in Glasgow and supports 140 jobs at HSBC after an outsourcing deal in 2011. Chris Samuel, Ignis chief executive, said in an upbeat assessment last August: "All the areas are growing most aggressively at the moment are Glasgow-based."