All Share index moves are casting uncertainty over future activity

Moving the goalposts is a common enough phrase, but for UK equity income managers during 2008 it wil...

Moving the goalposts is a common enough phrase, but for UK equity income managers during 2008 it will have a certain resonance. Not only have traditional sources of yield in the equity market, such as some of the major clearing banks, dried up as dividend payers but the uncertainties over economic prospects looking forward means it is a matter of conjecture as to how the basis for the yield on the All-Share index - the traditional benchmark - will be calculated in 2009. If the remit for an income portfolio is to generate a yield 10% higher than that of the All Share index, the target appear...