All Employee ownership articles – Page 20
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Opinion
Paula Hargaden: How to select a share scheme
Of the four approved schemes, two, the share incentive plan (Sip) and save-as-you-earn (SAYE) or sharesave, require awards to be made available to all eligible employees, while the company share option plan (Csop) and enterprise management incentive (EMI) permit awards only to selected employees.Sip and sharesave engage, and so are ...
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Article
Whitbread and BT shortlisted for share plans
BT Group, Home Retail Group and Whitbread are among the employers shortlisted for the ‘Best employee share scheme’ at the Employee Benefits Awards 2013.The judges looked at how share schemes were communicated, how organisations handled any fluctuations in share price, and the impact of schemes on measures such as retention, ...
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Article
Government updates share scheme simplification
The government has released further details on its plans to simplify employee share schemes.In December 2012, following recommendations made by the Office of Tax Simplification (OTS), the government announced that it would introduce self-certification of share incentive plans (Sips), save as you earn (also known as sharesave) schemes and company ...
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Article
Ladbrokes offers text registration for sharesave
EXCLUSIVE: Ladbrokes has re-launched communications for its latest sharesave scheme, and introduced SMS text message registration for staff.Its three and five-year sharesave schemes, which have been offered to staff since 1983, allow 14,000 eligible employees to save up to £250 per month. Staff have also received a 20% discount on ...
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Analysis
Is mobile technology suitable for share schemes?
IF YOU READ NOTHING ELSE, READ THIS…Employers are moving away from paper-based share plan applications.Share plan communications technology should be tailored to each employer.Mobile applications are gaining popularity.Perhaps the most tech-savvy tool to use is mobile technology, which enables staff to sign up to share schemes using SMS text messaging ...
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Article
DOD’s blog: What did Thatcherism do for employee benefits?
In a week when everyone is reflecting on Margaret Thatcher’s legacy, I have decided to take a quick look at which employee benefits were launched into the workplace during her time as prime minister.Those in the world of pensions and benefits may have already been reminded that group personal pensions ...
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Article
Paddy Power to introduce new L-tip
Paddy Power has asked its shareholders to approve the adoption of a new long-term incentive plan (L-tip) for 2013.The bookmaker’s annual report highlighted that its 2004 L-tip will expire in mid-2014. The organisation’s board has proposed the introduction of a new L-tip to replace and update it.The new L-tip will ...
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Case Studies
Utilitywise uses share plan to engage staff
It launched a sharesave scheme for its 300 employees in November 2012.The only stipulation the employer applied for staff joining the scheme was for them to have passed their probationary period. At the launch of the scheme, 214 employees were eligible to join and 110 did so. The scheme is ...
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Article
Admiral Group awards shares for performance
Admiral Group is rewarding its 6,500 employees with shares worth £3,000 each following strong end-of-year results.According to its Preliminary Results 2012, staff were awarded £1,500-worth of shares on 3 September 2012 based on the organisation’s performance in the first half of 2012. Employees will receive a further £1,500-worth of shares ...
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Article
Killik launches wealth management service
EXCLUSIVE: Killik Employee Services, a division of Killik and Co, has launched a wealth management service aimed at helping senior executives achieve full value from equity participation in their employer.The service, called Encompass, focuses on ways that share participation, whether through share schemes or direct acquisition, can be used to ...
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Opinion
Amanda Solomon: Share schemes can motivate staff
In such a tough environment, it is more important than ever for employers to be able to retain and incentivise staff. There are a number of share schemes that can help achieve this, including HM Revenue and Customs-approved plans.Incentives such as the share incentive plan (Sip) and the enterprise management ...
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AnalysisApproved share schemes to be simplified
IF YOU READ NOTHING ELSE, READ THIS…HM Revenue and Customs is to introduce a number of proposals for approved share schemes with immediate effect.The Finance Bill 2013 includes legislation to simplify share schemes, including retirement and ‘good leaver’ rules.Self-certification for share schemes will be introduced in 2014.The four HM Revenue ...
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Article
Share schemes boost staff engagement in tough climate
Virgin Media announced last month that staff who took part in its 2009 sharesave scheme could receive an average of £15,984 each as the ?rm is sold to US cable television operator Liberty Global.The 2,468 employees who joined the plan and paid in an average of £74 a month each ...
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Case StudiesMarks and Spencer educates staff on savvy saving
The demise of Christmas savings club Farepak was a catalyst for Marks and Spencer (M&S) to launch its financial education programme in 2007.Farepak ceased trading in October 2006, leaving tens of thousands of savers out of pocket. Its parent company, EHR, went into administration the same day, and both businesses ...
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Article
Computershare to acquire Morgan Stanley’s EMEA shares business
Computershare is to acquire the Europe, Middle East and Africa (EMEA) portion of Morgan Stanley’s global share plan services business.The business provides recordkeeping, administration and trade executive services for corporate shares and option-based compensation plans to a range of EMEA-based employers. It administers accounts for approximately 235,000 employee participants.The acquisition ...
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Article
M&C Saatchi awards shares to executives
M&C Saatchi has granted share awards to four of its executive directors under its long-term incentive plan (L-tip), which vested on 31 December 2012.The awards reflect the achievement of targets for both share price performance and total shareholder return conditions.When the L-tip was adopted, each of the participants paid £97,250 ...
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Article
Tax legislation for share plans set out
The government has published draft tax legislation around share schemes, which will be included in the Finance Bill 2013.This includes measures announced in, and following, the March 2012 Budget and the Autumn Statement announced in December 2012. It is open for technical consultation until 6 February 2013.The measures include:Changes to ...
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Article
Barclays Group adds new shares platform
Barclays Group has introduced a new platform for the administration of its global equity and long-term incentive plans (L-tips).The banking group’s discretionary share plans, which have more than 8,500 participants, will be administered by Barclays Corporate and Employer Solutions (C&ES).Barclays C&ES has formed an agreement with administrator Solium Capital to ...
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Article
Shell wins award for international share plan
Royal Dutch Shell has been awarded the title best employee share ownership plan worldwide at the Employee Share Ownership Centre (Esop Centre) awards.The multinational oil and gas company had previously won the award in 2010. Since then it has increased its communications and introduced a dedicated website for its share ...
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Article
MP requests review of share plan limits
Labour MP Jim Fitzpatrick has called on treasury secretary David Gauke to review the savings limits for HM Revenue and Customs (HMRC)-approved share plans.In a letter, Fitzpatrick asked Gauke to review the issue in light of a tabled early day motion (EDM), as well as views by the Office for ...