News – Page 15
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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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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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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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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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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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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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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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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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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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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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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 ...
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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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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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ArticleWhite paper — financial education: get the value message across
Employees have a pressing need for financial education in the workplace.To download the white paper, click on the link above right under Related Files.White paper supplied by Wealth at Work.
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EOA calls for employee ownership institute
The review, which closed on 7 September, investigated the barriers to employee ownership.Iain Hasdell, chief executive of the Employee Ownership Association, said: “The government should also commit resources to raising awareness of employee ownership and endorse the concept, outlined in the Nuttall Review, of a new Institute for Employee Ownership.”The ...
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J Sainsbury CEO calls for simple share plans
Share plans should be made as simple and straightforward as possible, said Justin King, chief executive at J Sainsbury, during the keynote address at the IFS Proshare employee share plans conference on 10 October.“We have to peel away the mystery and make it as simple as possible,” he said. “The ...
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Participation in share plans motivates staff
Three-quarters (75%) of respondents who participate in a share plan were more motivated and committed to their employers, according to research by Loughborough University.The research, which took data from 1,500 employees in an HM Revenue and Customs- (HMRC) approved share plan, was commissioned by BT, IFS Proshare and PricewaterhouseCoopers (PWC).It ...
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William Hill staff to share £3.5 million sharesave payout
William Hill employees are to share a £3.5 million payout from the maturity of a three-year sharesave scheme.Almost 700 employees will benefit from the success of the bookmaking firm’s share price, which has grown from £1.83 in July 2009 when the scheme was launched, to a closing price of £3.13 ...
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Employee Benefits Pensions and Workplace Savings Research 2012: Workplace Savings
When it comes to financial planning, few people look at a single savings vehicle in isolation. Taking a holistic view of their finances can be the most effective way for people to identify the best savings tools for their short-, medium- and long-term future.Employers now have a number of workplace ...