IA asks consumers to decide fate of UK Equity Income sector following industry split

Decision due by the end of the year

The Investment Association (IA) will ask consumers to decide whether the current requirements for inclusion in the UK Equity Income sector are fit for purpose, after finding a "wide range of views" on its future within the industry.

The research will be conducted by YouGov and includes both consumers and independent financial advisers. It follows the IA's decision to invite its members to assess whether the current sector requirements are appropriate, which was initiated in April. According to the IA, feedback from members has shown there continues to be a wide range of views on how the sector should be defined, with a near fifty-fifty split between those who want to leave the definition as it is and those who believe change is needed. The research will ask consumers and advisers how they identify UK equity in...