News – Page 9
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ArticleComputershare acquires employee share plan administrator Equatex
Employee share plan provider Computershare has completed the acquisition of Zurich-based Equatex from Montagu Private Equity, following regulatory approval.Equatex, which has over 220 employees, provides a range of employee share plan administration services for more than 160 clients, administering around $40 billion (£31.1 billion) in assets.The organisation manages deferred equity ...
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ArticleEXCLUSIVE: Countrywide changes employee share scheme for 8,300 staff
EXCLUSIVE: Property organisation Countrywide has amended its employee share scheme provision to launch a new sharesave scheme (SAYE) for 8,300 eligible UK employees.The new scheme, which was implemented in April 2018, has replaced the organisation’s previous share incentive plan (SIP). It offers eligible employees a three-year sharesave plan that enables ...
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ArticleLloyds Banking Group and Valero Energy shortlisted for Best employee share schemes
Banking organisation Lloyds Banking Group (pictured) and fuel supplier Valero Energy have been shortlisted in the Best employee share schemes category for the Employee Benefits Awards 2018.This award celebrates employers who have implemented an effective employee share scheme for their staff.The full category shortlist is:Lloyds Banking Group, Colleague Group Ownership ...
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ArticleEXCLUSIVE: Aspen launches online financial education programme
EXCLUSIVE: Insurance and reinsurance organisation Aspen has launched an online financial education programme for its 700 UK employees.Its financial education programme, which is provided by Nudge. launched on 20 April 2018, ahead of Aspen's annual flexible benefits selection window in May. It was launched via an email campaign and through ...
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ArticleDirect Line Group to introduce new minimum salary and award free shares
Insurance organisation Direct Line Group is to introduce a new minimum salary for its 11,000 UK employees from 1 April 2018, as well as award a £500 free share to certain staff members.The new minimum salary will be set at £17,000 a year for employees contracted to work 35 hours ...
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Article80% participate in sharesave schemes because they are a convenient way to save
Four-fifths (80%) of respondents who participate sharesave employee share schemes do so because they believe they are a convenient way to save, according to research by Proshare.Its Attitudes to employee share ownership report, which surveyed 1,699 employees across 11 UK organisations, also found that 67% of respondents find the matching ...
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ArticleAviva, BT Group and ConvaTec recognised for employee share plans
Aviva, BT Group, ConvaTec, Paddy Power Betfair and UBS were among the organisations recognised for best practice in employee share schemes at the ProShare Awards 2017 on Wednesday 6 Decmber 2017.The awards, which are now in their 25th year and were presented by television presenter Claudia Winkleman, aim to recognise ...
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Article36% say workplace pensions are the most valuable employee benefit
Just over a third (36%) of employer respondents say that workplace pensions are the most valued employee benefit, according to research by Hargreaves Lansdown.Its Workplace benefits: the employer view report, which surveyed 349 UK employers, also found that 15% who rank private medical insurance as the most valuable, while 12% ...
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ArticleGoogle and Nokia recognised for employee share schemes
Google, Nokia, Telefonica and Valero Energy were among the organisations recognised for best practice in employee share schemes at the Employee Share Ownership Centre’s (Esop) Employee Ownership Awards 2017 on Tuesday 31 October 2017.Now in its 16th year, the awards were held at the Reform Club in London and were ...
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ArticleSuperdry founders to fund long-term incentive scheme for 4,500 global staff
Global clothing retail organisation SuperGroup, which owns the Superdry brand, has launched a long-term incentive scheme for its 4,500 global employees, which will be funded by the organisation's founders.The three-year scheme, which will run between 1 October 2017 and 30 September 2020, will see SuperGroup founders Julian Dunkerton and James ...
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ArticleMedian base salaries for FTSE 100 chief executive officers increase by 2%
The median increase to base salaries for FTSE 100 chief executive officers in 2016-2017 is 2%, according to research by Fit Remuneration Consultants.Its FTSE 100 directors’ remuneration report, which is based on data collected from FTSE 100 organisations’ annual reports and accounts with a year end up to and including ...
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ArticleEXCLUSIVE: 29% offer employee share schemes
EXCLUSIVE: Just under a third (29%) of employer respondents offer share schemes or share options to their employees, according to research by Employee Benefits and Staffcare.The Employee Benefits/Staffcare Benefits research 2017, which surveyed 271 employer respondents in February-March 2017, also found that a further 17% offer shares or share options ...
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ArticleStaff contribute an average of £158.18 a month into sharesave schemes
The average employee contribution to sharesave (SAYE) schemes was £158.18 a month in 2016, according to research by employee share ownership membership organisation Proshare.Its annual SAYE and Sip survey, which is based on analysis of share plan data from 426 organisations who run Sip schemes and 423 organisations who run ...
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ArticleAviva and Deutsche Telekom Services Europe shortlisted for employee share schemes
Insurance organisation Aviva (pictured) and telecommunications organisation Deutsche Telekom Services Europe have been shortlisted in the best employee share schemes category at the Employee Benefits Awards 2017.This award celebrates employers who have implemented an effective employee share scheme for their staff.The full category shortlist is:Aviva, Aviva SAYE Scheme 2016, Aviva ...
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Article39% believe the Lifetime Isa will cause confusion among staff
Over a third (39%) of employer respondents believe the introduction of the Lifetime individual savings account (Lisa) will cause confusion for employees looking to save, according to research by Close Brothers Asset Management.Its Business barometer report, which surveyed 900 UK employers, also found that 20% of respondents plan to respond ...
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ArticleGousto awards share options to staff to mark anniversary
Recipe box organisation Gousto is offering its 200 UK-based employees one-off share options to mark its fifth anniversary.The share options are available to employees of all levels across the organisation's London and Spalding offices and factory. Employees must have at least six-months' service prior to January 2017 to be eligible ...
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ArticleJLL engages staff with sharesave scheme through digital communications
Professional services firm JLL is moving away from paper-based means of communicating its share schemes to online methods to better reflect the ways its employees carry out the majority of their work and personal transactions.With 4,000 employees across four divisions, JLL currently has 1,000 members saving into a three-year sharesave ...
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ArticleHow to effectively communicate share schemes
Need to know:Employers need to find out what communication methods are preferred by their workforce.Digital communications continue to be popular, and augmented reality is now also being used to promote and engage employees with share schemes.More employers are supporting employees with financial education around share schemes.The communication methods used in ...
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ArticleLush to pay all permanent UK staff the voluntary living wage
Cosmetic retail organisation Lush is to pay all of its permanent employees in the UK, including retail and manufacturing staff, the voluntary living wage from April 2017.The commitment to the living wage will result in a pay increase for 3,555 employees, who will see their hourly rate of pay rise ...
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ArticleRio Tinto uses country champions to drive engagement with share scheme
Employee Benefits Connect 2017: Mining organisation Rio Tinto uses country champions to help drive engagement with its employee share scheme.Delivering the conference session ‘Driving long-term engagement through reward’ at Employee Benefits Connect 2017, John Beadle (pictured), global head of performance and reward at Rio Tinto, explained that using country champions ...