A spokesperson from abrdn told Scottish Financial News that it is currently in discussions with J.C Flowers & Co, who is the current owner of Interactive Investor, regarding the potential sale of the company.

Interactive Investor describes itself as “the UK’s number one flat-fee investment platform” and has been operating for 25 years. It is thought that the deal could be worth around £1.5 billion.

abrdn added that there can be “no certainty” that these discussions will result in a transaction.

The firm said a further announcement would be made as and when appropriate.