News – Page 14
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Travis Perkins staff to share £17m sharesave payout
More than 7,000 Travis Perkins employees are to share nearly £17 million following the maturity of a five-year sharesave scheme on 1 December.This could amount to profits of £50,000 per employee.The home improvement organisation’s share price has risen by 50% over the past 12 months, to 1,757p on 10 December.The ...
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DOD’s blog: Will you still need me when I'm 68?
It is rare I feel quite as excited about Autumn Statements and Budget Speeches as I did yesterday.After years of writing about the fact that sharesave limits have not been raised since 1991 (that is I, Employee Benefits and many others more influential than ourselves), I was thrilled to hear ...
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Share scheme limits to increase
Autumn Statement 2013: The government has announced that it will increase the limits for share plans from April 2014.The limits on sharesave schemes will double from £250 a month to £500.In addition, the maximum value of shares an employee can acquire with tax advantages through share incentive plans (Sips) will ...
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B&Q staff to share £15m share plan payout
More than 14,000 B&Q and Screwfix employees are to share a £15 million payout following the maturity of parent company Kingfisher Group’s three-year and five-year sharesave schemes.Based on the closing share price of 375.9p on 29 November 2013, this equates to an average gain of £6,867 per person.The majority of ...
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FTSE 100 directors' total earnings up by 14%
Directors of FTSE 100 companies have seen their total earnings rise by 14% over the past 12 months, according to research by Income Data Services (IDS).The IDS Executive compensation review, which analysed the pay of FTSE 100 company directors, found that the increase was driven by a 58% rise in ...
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Royal Mail staff must wait for full shares allocation
Royal Mail employees will not receive their full free share allocation until April 2014.Using calculations based on a maximum share price offer of 330p per share, the 150,000 eligible full-time employees were due to immediately receive around 725 free shares each, while part-time staff would receive a smaller number of ...
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ArticleJill Evans: How important are share plans to employees?
Employee share plans can be a mutually beneficial option for employers and employees alike, helping to achieve organisational citizenship. They are excellent value in engaging employees in the organisation and rewarding them for their contribution to business performance.In a competitive world, organisations have to get the best out of their ...
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Prysmian Group to launch global share plan
Energy and telecom systems organisation Prysmian Group is to launch a global share scheme for around 16,000 employees in 27 countries.The scheme, which is called YES (Your Employee Shares), offers staff the opportunity to buy shares in the organisation at a discount of up to 25% on market price, or ...
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Equiniti acquires Killik Employee Services
The Equiniti Group, a financial and business services outsourcing provider, has acquired Killik Employee Benefits (KES) to expand the reach of its employee benefits technology platform.KES is a provider of discretionary employee and executive share plan administration.The acquisition aims to help The Equiniti Group:Strengthen its global offering for UK organisations ...
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BT to consider workplace savings platform
Bringing workplace savings benefits, such as pensions and share schemes, all together into one place on a workplace savings platform is the way forward, said Kevin O’Boyle, head of pensions at BT Group speaking at Employee Benefits Live on 25 September.“But it can’t substitute with live face-to-face action,” he added.The ...
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150,000 Royal Mail staff receive shares offer
Approximately 150,000 Royal Mail Group employees will be eligible for free shares in the organisation through a share incentive plan (Sip).Each of the organisation’s full-time eligible employees will be given the same number of shares, with part-time employees given shares on a pro-rata basis based on their paid hours in ...
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Shares for rights scheme comes into force
The government’s Employee Shareholder Scheme came into force yesterday.The scheme, also known as shares for rights, was passed in Parliament after the government made several concessions to its original proposals.The legislation will enable staff to swap some of their employment rights, including unfair dismissal and redundancy rights, for shares in ...
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William Hill staff to receive £3.5m sharesave payout
William Hill employees are to share a £3.5 million-payout from the organisation’s three-year sharesave plan.Almost 550 UK employees will benefit from a rise in the organisation’s share price from £1.48 to £4.86 during the period of July 2010 to July 2013.In 2012, almost 700 employees received a £3.5 million-payout after ...
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HSBC to launch new global employee share plan
HSBC is to introduce a new international all-employee share plan in the third quarter of 2013.Its Interim report 2013, published on 5 August, stated that the new plan would replace its previous global plan, HSBC Holdings Savings-Related Share Option Plan: International.It will continue to offer its UK employees a sharesave ...
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ArticleEmployee share schemes see great activity
Employees at Sports Direct were among those to enjoy a shares payout. Under the organisation’s 2009 bonus scheme, which is set to mature this month, staff will receive a payout worth 75% of their base salary in shares priced at £1.25.It is estimated that a Sport Direct shop assistant on ...
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Seven-year sharesave schemes to be abolished
Seven-year savings periods under sharesave schemes are due to be abolished from 23 July.HM Revenues and Customs (HMRC) has not made an official announcement of the change, but has informed sharesave providers that the current prospectuses will not apply from 23 July.Seven-year sharesave contracts will remain available under invitations sent ...
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Asda staff to share £61.7m sharesave payout
More than 19,000 Asda employees are to share a payout of £61.7 million under parent organisation Walmart’s three-year sharesave scheme.The payouts will vary from £3,000 to more than £15,000.The supermarket chain’s sharesave scheme allows employees to set aside between £50 and £250 of their salary per month for a three-year ...
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Employee Benefits Awards 2013: Best employee share schemes
Winner: Home Retail GroupScheme: Save As You Earn 2013This award recognises a successful strategy that has made HM Revenue and Customs-approved share schemes an effective benefit within an organisation.Home Retail Group’s employee share scheme strategy is simple but highly effective within the organisation. It is obvious the retail group clearly ...
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More UK employees saving into share schemes
The number of employees who choose to take up shares in the organisation for which they work has risen in the past year, according to new research by IFS Proshare.The annual IFS Proshare Employee share plan survey has found increases in the participation of both sharesave schemes and share incentive ...
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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 ...