UK

Period of heavy fines has passed

Opportunities after sell-off

UK small- and mid-cap fund

Long term succession planning

Part of expansion plans

Run by former £1bn Income fund manager

Armour to retire at end of 2016

Funds handed to Harry Nimmo

When investing for income, it is important to consider companies which can grow profits through a prolonged period of low or zero inflation, according to William Meadon, manager on the JPMorgan Claverhouse investment trust.

The choice is limited for relatively risk-averse investors looking to generate significant income from their investments, says Axa's Richard Marwood