► Subscribe to FT.com here: http://on.ft.com/2eZZoLI<br /><br />► Watch 'Standard Life and Aberdeen deal explained' on FT.com: http://on.ft.com/2mwiKtK<br /><br />Madison Marriage of FTFM and Alan Livsey of Lex explain how the merger is a defensive response to an industry-wide need for consolidation. Active investment management is being challenged by low-cost simplified 'passive' products such as index trackers.<br /><br />► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
