6.3 Standard Life Aberdeen

Investment company Standard Life Aberdeen was created by the merger of Standard Life and Aberdeen Asset Management in 2017. Headquartered in Edinburgh, Standard Life Aberdeen is reported to be Europe’s second biggest fund manager, with £670 billion in client funds.

Standard Life Aberdeen owned or managed shares worth approximately £215 million in three of the world’s top 20 nuclear weapons producers between 2014 and 2017:

Company Amount (£ million)
BAE Systems

169.8

Jacobs Engineering

33.5

Serco

12.1

Total

215.4

Click here for more detail.

Each of these companies is involved with Britain’s nuclear weapons programme. BAE Systems produces key components for the Trident II (D5) nuclear missiles that are used by the US and UK. BAE is also constructing the four new nuclear-armed “Dreadnought” submarines which are predicted to cost British tax payers over £41 billion. Jacobs Engineering and Serco, together with Lockheed Martin, form the consortium that manages the Atomic Weapons Establishment, where Britain’s nuclear warheads are manufactured.

If you are a customer of Standard Life Aberdeen or a concerned citizen, please consider writing to the company to request that it divest from nuclear weapons producers and adopt a comprehensive policy prohibiting involvement with them (click here for our template letter).