AFH cuts dividend in response to coronavirus

Income from advice fees down

Hannah Godfrey
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Alan Hudson: "The company adapted quickly to the challenges presented in March and, by the end of the month, had over 400 staff and all advisers working from home with full access to AFH's web-based infrastructure, which has been the focus of significant investment since 2015."
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Alan Hudson: "The company adapted quickly to the challenges presented in March and, by the end of the month, had over 400 staff and all advisers working from home with full access to AFH's web-based infrastructure, which has been the focus of significant investment since 2015."

Consolidator and advice firm AFH has reduced its previously proposed second interim dividend of five pence per share to three pence per share amid the coronavirus pandemic.

In its interim results for the six months ending 30 April 2020, published on Monday (1 June), AFH said that, while the group was "resilient", it was not immune to uncertainty as a result of Covid-1...

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