William Meadon

Why investment trusts are a great place to look for income

Recently, investors reliant on dividends from UK equities have been dealt a blow, with dividend cut announcements from blue-chip companies such as Vodafone (a -40% cut) and Marks and Spencer (-25%).

In addition, there are other blue-chip stocks, for example, Centrica (9.5%) and BT (7.7%), where the seemingly high yields on offer may not be sustainable owing to the poor state of their finances.