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YBS withdrawing from share plans activity

7th June 2021 8 Comments

A FTSE SMALL CAP Group Counsel & Company Secretary writes...

Yorkshire Building Society are withdrawing from the share plans activity including sharesave, what recommendations do companies make as to sharesave providers?

As a supplemental question, does anyone know of any sharesave providers that service the Republic of Ireland?  (YBS used to – but since Brexit have ceased to do this, and last year when I looked for a sharesave carrier in Ireland I couldn’t find one)

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Comments

  1. FTSE100 said

    11th June 2021 at 2:05 pm

    Equiniti’s UK SIP service is very good.

    • FTSE100 said

      8th June 2021 at 8:53 am

      I know Equiniti does administer SIPs but as we do not offer one I can’t comment on the service. If the service was at the same level as Sharesave would be more than happy.

      • AIM said

        8th June 2021 at 8:14 am

        We moved from Link to YBS two years ago as Link’s service on our SIP was really terrible, although as Registrars they are great. I would not recommend Link for share plan administration. Do Equiniti administer SIP?

        • FTSE250 said

          7th June 2021 at 5:54 pm

          Link (ex Northern Registrars in Huddersfield before acquisition by Capita and subsequent sell on) are our Registrar and we are talking to them about our sharesave. They do a great job for us on the register..

          • FTSE250 said

            7th June 2021 at 3:04 pm

            We run our SIP through Shareworks (Morgan Stanley) (they bought the Barclays book of business recently) … Barclays was using the Shareworks back end also .. not overly impressed with their back office systems either before after Morgan Stanley acquired.

            • FTSE250 said

              7th June 2021 at 11:13 am

              I would echo the previous comment regarding Equiniti who provide a great service.

              • FTSE250 said

                7th June 2021 at 10:17 am

                I would steer clear of Computershare – we have had endless issues since they ‘upgraded’ their systems.

                • FTSE100 said

                  7th June 2021 at 9:58 am

                  We have used Equiniti for a number of years and have enjoyed excellent service both for our UK and international plans. Would have no hesitation in recommending Equiniti.

                  Having the same problem with the Republic of Ireland – have not been able to find one and have reverted to an unapproved plan.

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