Alexander Forbes trims dividend as Covid-19 puts pressure on clients
03 December 2020 - 09:11
Alexander Forbes, whose services range from asset management and health-care insurance, to consulting for multinational corporations, has trimmed its interim dividend by more than a quarter, warning it expects the economic fallout from Covid-19 to keep weighing on its business for at least another year.
The group said it is confident it has the skill and expertise to help clients navigate the pandemic, though a fall-off in retirement contributions put pressure on cash flows during the group’s six months ended September...
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