All Sharesave/SAYE schemes articles – Page 20
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
AnalysisAlternative savings vehicles are appealing to staff
IF YOU READ NOTHING ELSE, READ THIS…Corporate Isas are a more attractive savings option than pensions for younger employees.Sharesave schemes offer a ‘no-lose’ option for employees to make sure of a savings windfall in a few years’ time.Alternative savings schemes can be co-ordinated by placing them on a corporate platform.Ask ...
-
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.
-
Opinion
Paul Waters: Rolling over share proceeds will pay off
Taking a more integrated approach to employee share plans, corporate-sponsored pensions and individual savings accounts can result in much better savings outcomes.Sharesave plans typically have a high degree of trust with staff. Encouraging employees to use these plans is likely to be more successful than encouraging additional pension saving.If employees ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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, ...
-
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 ...
-
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 ...
-
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 ...