IA launches consultation into UK Equity Income sector rules

Firms asked if other income sectors require change

Anna Fedorova
clock • 2 min read

The Investment Association has launched a consultation on the qualification rules for the UK Equity Income sector, after a number of prominent funds have been kicked out of the sector over the past couple of years.

Some £19bn of income funds currently sit in the UK All Companies sector, after being exiled from the UK Equity Income sector for not having produced sufficient income under the present rules, according to Hargreaves Lansdown. The biggest players to be kicked out of the sector include Invesco Perpetual's income range, currently managed by Mark Barnett (formerly by Neil Woodford), as well as the Schroder Income fund and Jupiter Responsible Income fund. Woodford's Equity Income fund at risk of expulsion from IA sector For inclusion under the IA's current definition of the sector, fun...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

Trustpilot