NEWS
Share scheme set up in record time
Wolseley set up a European share scheme across 12 countries in three months, delegates heard at the annual ifsProShare conference yesterday.
Lloyds TSB Registrars to become Equiniti
Lloyds TSB Registrars will become known as Equiniti on the completion of its purchase from the Lloyds TSB Group by Advent International. The name was chosen after consultation with the company’s employees, who voted on a shortlist of names.
Sharesave unscathed by IFRS2
Sharesave plans have defied the doom-sayers by emerging relatively unscathed from IFRS2, according to an IFSProshare study. It found that in 2006, one year after the accounting standard was introduced, only 1pc of employers offering sharesave did not seek approval to renew the plan, while new applications for plans more than replaced those that dropped out.
Lloyds TSB staff share in company's £27m success
Lloyds TSB staff stand to net an average £3000 under the company’s maturing three year Sharesave scheme. The scheme closed on 1 June and those choosing to invest the maximum £250 in the 2004 scheme now own shares worth £16,808.
BT swaps free shares for free broadband
BT is to replace its annual free share offer with free broadband over the next year. BT is concerned that its employees do not fully value the free share offer and it sees the broadband offer as something of equivalent value that will better engage staff.
Lloyds TSB registrars sold to US private equity firm
Lloyds TSB Registrars has been sold to a US private equity firm for £550m. The share scheme registrar claims 55pc of the FTSE100 as its clients and only recently shifted its strategy by seeking to become the leading provider of outsourced employee benefits administration in the UK.
Global share plan breaks new ground
Leading global natural resources firm BHP Billiton has launched a unified share purchase plan across 26 countries. One of the most complex and ambitious schemes of its type, it becomes the first common benefit offered by the company - formed from the merger of two companies five years ago - that is offered to all its 39,000 staff worldwide.
Emap’s podcast is a benefit first
Emap has become one of the first ever employers to use a podcast to help communicate its benefits. The media group used the audio file, which can be downloaded from its intranet, to help take-up for its annual free offer of £840 worth of Emap shares.
John Lewis launches unique SIP
John Lewis is to launch a unique share incentive plan this month after seven years of negotiation with HM Revenue and Customs.
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