More firms expected to cancel dividends
UK dividend growth is set to slow in 2016, despite a record Q3 for payouts this year, as the commodity sector faces further cuts, according to the latest Capita Dividend Monitor.
Strong performance from financials bumped up UK payouts to a second quarter record of £29.2bn this year, according to the latest Capita Dividend Monitor.
Headline dividends more than halved in the first quarter of 2015, according to Capita, although it has revised up its annual forecast.
The Financial Conduct Authority (FCA) is to investigate the activities of the former operators of the Connaught Income Series 1 fund, Capita Financial Managers and Blue Gate Capital.
Arch cru investors have been told they must continue to wait to get back what value there is left in the failed fund range, as the liquidation process looks set to drag on beyond this year.
Dividends from UK firms last year grew at the slowest rate since 2010 as the strong pound continued to weight on payouts.
Brewin Dolphin is seeking to expand its range of risk-profiling tools after feedback from advisers showed they want greater choice.
The sell-off in UK smaller companies has created a far more attractive hunting ground for income seekers than that offered by larger companies, according to Charles Montanaro.