All Share schemes articles – Page 21
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Article
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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Article
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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Article
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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Article
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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Article
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 ...
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Analysis
Sharesave versus share incentive plans
If you read nothing else, read this …Sharesave and share incentive plans (Sips) offer income tax and NI exemptions, subject to certain terms.Sharesave schemes are savings vehicles to which employees can contribute between £5 and £250 a month out of net pay, with which they can buy shares after three, ...
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Opinion
Peter Vassallo: Is it time to update the restrictions on sharesave schemes?
Yes. The contribution limits on sharesave schemes have remained unchanged since the early days of the scheme. At that time, there was probably a view on how much of an employee’s income it was prudent for them to save for investment in the shares of their own employer.Unless that view ...
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Opinion
Malcolm Hurlston: Is it time to update the restrictions on sharesave schemes?
Companies introduce sharesave schemes to encourage the savings habit in their employees, and to provide corporate glue around their share price. They have been around for more than 30 years, are popular and employees are comfortable with how they work.Some might say it is best not to change a winning ...
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Opinion
John Collison: Is it time to update the restrictions on sharesave schemes?
Sharesave schemes were introduced by the Conservative Party in 1980, to widen share ownership, enable workers to have a stake in their company, align their interests more closely with those of their employer and, perhaps most importantly from the employee’s perspective, to provide a safe and relatively risk-free means of ...