Standard Life and Lloyds could boost earnings by acquiring Aegon's UK arm, says JPMorgan.

JPMorgan suggests Standard Life could significantly increase earnings by acquiring Aegon's UK business, valued between £1.5 billion and £1.7 billion. The deal could deliver double-digit earnings growth and strengthen Standard Life's pension market position, even if funded by new shares. Lloyds Banking Group is also a potential buyer, expected to gain from earnings growth and synergies while comfortably funding the deal. This acquisition could help Standard Life improve its weak balance sheet.