Equity Trustees to maintain dividend
Equity Trustees expects to maintain its dividend for the current financial year while remaining positive about the fundamentals of the business. New net funds under management inflow are positive for the year, despite the challenging market conditions.
Equity Trustees advised at its annual general meeting in October that it would be difficult to match its dividend result for 2007-08.
Staff numbers have been maintained at similar levels to the previous year.
Profit after tax will decrease by 10 to 15 per cent compared to the previous corresponding half year.
Recommended for you
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity.
BT has kicked off its second annual Career Pathways Program in partnership with Striver, almost doubling its intake from the inaugural program last year.
Kaplan has launched a six-week intensive program to start in January, targeting advisers who are unlikely to meet the education deadline but intend to return to the profession once they do.
