UK Equity Income

GLOBAL INCOME

RWC Partners is set to launch two income funds for the trio of managers it poached from Schroders.

UK EQUITY INCOME

Jupiter's Tony Nutt has dismissed fears the UK is headed back into recession and believes equity prices and dividends have "significant upside" potential.

Tony Nutt's Jupiter Income trust has seen its payout to investors fall by 9% after the £2.52bn fund was hit by the BP crisis.

Bob Dudley, the new chief executive of BP, has promised to put the embattled oil major "on the road to recovery".

Investors should switch out of equity income offerings from Axa's George Luckraft and Jupiter's Tony Nutt following underperformance, according to Principal Investment Management.

Performance data for the IMA's newly combined UK Equity Income sector shows over the long term many of the funds that were put into the UK Equity Income & Growth sector have managed to outperform the peer group.

EQUITY INCOME

Income seekers face an even tougher environment following a Bank of England warning that UK banks will have to slash dividends for years to come.