Steve Hunter: What next for retirees reliant on investment income?

The main focus of the financial news in the last few months has been the obvious falls and then subsequent expected recoveries in markets. Capital values are certainly a part of the story. However, the more important aspect for those focused on retirement is income, and it is this element which may take longer to recover. Equity markets have been a potential source of yield for investors in a low-interest rate environment, and regrettably, it is this source that may be the most eroded. Some companies have had to delay or cancel their dividend payments in recent market conditions. Y...