Is UK equity income still the Utopia of the investment world?

UK equity income funds have, for as long as I can remember, been the most popular vehicles among both experienced and novice retail investors. They are easy to understand and offer the potential for increased capital and rising income over time. They are seen by many as the Utopia of the investment world and form the core of innumerable portfolios. There are good reasons for this. For starters, they tend to be invested in lower risk, established companies with the ability to grow revenue and profits and, therefore, pay increasing dividends over time. In recent years, low interest rates a...