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UK firms cut dividends by £10bn

UK companies cut dividend payments by £10bn in 2009, according to a report by Capita Registrars.

A total of £56.9bn was paid out in dividends last year, representing a 15 per cent year-on-year drop.

Financial companies slashed £8.2bn, and of this £6.1bn was cut by the banks.

HSBC only modestly cut its dividend whilst Standard Chartered actually increased its payment.


Aberdeen merging UK and Euro funds

Aberdeen is merging some of its UK and European funds in a bid to improve efficiency. The £42m UK opportunities fund will be merged with the £119m UK growth fund and renamed the Aberdeen UK equ-ity fund. The firm is also merging its £5.4m European opportunities fund with the £224m European growth and renaming it […]

Skandia launches online Isa tool

Skandia has launched an online tool for financial advisers to help them build and manage their own tax year end Isa campaigns.


Portfolio tools could leave IFAs exposed to UK gilt risk

JP Morgan Asset Management head of UK retail sales Mike Parsons has warned that IFA portfolio tools could leave clients overly exposed to UK gilts. Parsons says asset allocation tools do not differentiate clearly between different categories of fixed income, which could leave clients at risk. He says: “A lot of tools say you should […]

Nobody expects the Spanish Inquisition

Paul Fidell, Head of Business Development (Investments), writes about one of the primary challenges for those involved in estate planning. He looks at dealing with investment uncertainty in these low growth, low inflation but still volatile investment conditions. Protection of capital, to leave something for beneficiaries, is a fundamental objective of many people’s plans for […]


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