About 90,000 investors are set to lose out as a result of Hammond's changes to the dividend tax allowance outlined in the Budget, many of whom are pensioners, according to data from The Share Centre.
The retail stockbroker said the changes will typically affect investors with portfolios valued at more than £50,000 (assuming a 4% yield, a portfolio size of £50,000 would generate dividend income of £2,000)....
Investors have largely avoided financials over the past 10 years, with the share prices of US and European banks having largely stood still relative to broader markets since 2007. But while banks won't return to their record valuations any time soon (and...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year