Industry welcomes 'sensible' UK Equity Income changes but cautions against 'bad decisions'
Yield lowered from 110% to 100% of FTSE All-Share
FundCalibre's Darius McDermott said the IA has made a "very sensible move" which will benefit both investors and intermediaries
Fund pickers are broadly sanguine on the Investment Association's (IA) decision to lower the UK Equity Income sector's yield hurdle from 110% to 100% of the FTSE All-Share index, but some argued a relaxation of the rules could lead managers to make "bad decisions".
The IA announced its decision to lower the yield hurdle earlier today following a consultation period which begun last April. The body also said a failure to achieve 90% of the index yield in any one year...
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