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.
Toby Strauss, the chief executive of Scottish Widows, is to exit the group after four years.
Gold shines as 'safe haven' asset
Liontrust's Jamie Clark explores how challenger banks have fared in their aim to create more competition.
Fund managers have been clamouring to add banks, including RBS and Lloyds, to their portfolios ahead of a rate rise from the Bank of England.
Lloyds has announced an interim dividend payment of 0.75p per share in its half year results, but the banking giant said it would also consider special dividends in the future.
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.
Matt Hudson, manager of the £694m Schroder UK Alpha Income fund, has increased his weighting to banks, despite industry concerns about the threat to dividends from the record level of regulatory fines imposed recently.
The first new private bank in the UK for over thirty years has officially launched, after gaining approval from regulators.