View more on these topics

Inter-Alliance reprices share option schemes

Following England&#39s nerve-shattering win over Australia in the Rugby World Cup Final last Saturday, Aegon UK and Money Marketing have joined together to offer IFAs the chance to see the city where it all happened.

Two return flights to Sydney are up for grabs, so the lucky recipient can experience the joy of being an Englishman among millions of grieving Australians. For more details, see next week&#39s Money Marketing.

Inter-Alliance has restructured its share option schemes by rebasing grant prices of between 40p and 400p down to 2.875p across the board.

Chairman and chief executive Keith Carby has surrendered 4.2 million options at 55p and gets 10 million new options at the reduced price. Other directors are granted new options on a total of 16 million shares.

Two schemes within the firm – the CSOP approved and USOS unapproved schemes, representing 10.8 million shares – get one new option for every 10 old options.

Directors&#39 options are dependent on cashflow remaining positive, increasing adviser productivity by 10 per cent in the first year and improving the firm&#39s turnover/cost ratio.

Legal director Michael Burne says: “The people who are trading one share for 10 had options that were badly under water. Why would they want share options at unrealistic prices?”


Disappointment at lack of info on housing bill

The National Association of Estate Agents has expressed its disappointment at the scant number of mentions the housing bill received in the Queen&#39s speech. It is particularly concerned that home information packs did not receive more coverage. The NAEA says: “There were few pointers from the Queen&#39s Speech as to what the government will be […]

Woolwich maximises returns

Woolwich Plan Managers has established the premium protected growth plan, a guaranteed equity bond that provides a minimum return of investors&#39 original capital after five years and six months. The bond is linked to the FTSE 100 index and investors will also receive 100 per cent of any increase in the index at maturity.To calculate […]

Premier Asset Management – Premier Money Market Fund

Type: Oeic Aim: Income by investing in cash, short-term deposits and money market instruments Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% cash, short-term deposits and other money market instruments Isa link: No Pep transfers: No Charges: Annual 0.5% Commission: Subject to negotiation Tel: 01483 400400

Correspondent&#39s week

Winter is here, leaving me once again questioning the wisdom of cycling to work. It may only be five miles into the office but when I started using the bike it was summertime. Now that seems an age ago. We crack on with features on the forthcoming base rate rise and insuring against the cold […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment