The search for yield is set to become a little more fraught certainly if investors stick to the UK.
The Link Group’s UK dividend monitor suggests that half of UK companies could scrap their dividends – producing a likely £28.5bn slump – and a major headache for UK-focused income funds.
One question which I will be putting to Billy soon is what about the potential liabilities if things go wrong.
By way of contrast, the City of London investment trust despite taking a bit of pounding in terms of performance so far this year is to increase its dividend for the 54th year in a row.
Billy Burrows has published a letter discussing his new website, a non-profit making service – Emergency Financial Advice – which will offer free guidance to those over 50 on their pension situation. He wants to enlist other advisers to get involved.
Hundreds of employers, which have furloughed employees, have cancelled pension contributions some in the belief that they don’t have to keep paying in while others simply lack the cash to pay as Corporate Adviser reports.
The required increase in transfer qualifications has been delayed by 12 months for the rather practical reason that advisers cannot physically sit the exams.
Sesame is offering its advisers free counselling on health and wellbeing from provider Care First.
Dom Spalding of Oxfordshire IFA Expert Wealth Management has hosted a virtual afternoon tea party for 35 clients and families.
Among other things, he wanted to reassure them and ensure they didn’t consider selling out in these markets.
Mortgage brokers report that remortgage queries are increasing as the market settles down from its initial panic as Mortgage Solutions reports.
Sadly, the virus is hitting home for financial services – the founder of Pointon York – Geoffrey Pointon has died from the virus.
Dean Mason, a mortgage broker, also well known in protection circles has also passed away due to the virus. Rest in peace to both.