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Employee Benefit Services (EBT, EOT & ISP)

Business owners want to incentivise staff as a way to both retain and reward talent, but look to do so in a way that provides budgetary certainty. How can they provide incentives while keeping succession planning in mind?

Lasting Employee Incentives

It’s relatively easy to provide one-off employee incentives, but how can a business roll-out a more lasting plan? Many are turning to Employee Benefit Trusts (EBT) and Employee Ownership Trusts (EOT) to provide those employee incentives through a share plan trustee and similar vehicles.

Employee Benefit Trusts (EBT): varied benefits from one trust

Established either in the UK or offshore, an EBT is set up by a company to hold cash and other assets. Employees can then be offered benefits such as shares, which can be used to attract and retain quality staff and further a company's chance of growth and success.

EBTs require effective structuring, though; the vehicle must be able to hold shares to ultimately benefit employees through an employee incentive arrangement. As such, EBTs need to be compliant and well-regulated vehicles.

Employee Ownership Trust (EOT): indirect employee ownership

The EOT is an indirect form of employee ownership in which a trust holds a controlling stake in a company on behalf of all its employees. It then provides an incentive for owners to sell a controlling stake in their business. EOTs create a strong platform for a business' continued growth and success whilst providing employees benefits such as income tax free bonuses.

International Savings Plans (ISP)

ISPs enable large multi-national companies to set up savings plans in Jersey for non-residents. These plans differ from traditional pensions offered to employees. Access to savings is vital for employees experiencing life changing events such as termination of employment, redundancy, divorce, children going to university or children getting on the property ladder. These are flexible savings plans have many benefits for employees of multi-national companies.

What we do

Recognised for our client-centric approach and commitment to transparent pricing, we focus on building strong partnerships with our clients.

With more than 25 years' experience in the employee benefits sector, we provide tailor-made solutions in employee participation for a large portfolio of FTSE350, AIM listed and private companies.

We keep abreast of the regulatory and legal changes affecting companies, trustees and administrators, and participate in working groups to discuss and propose solutions to any new laws or regulations that may impact the way trusts are administered.

Many of our employee benefits clients cite cost, consistency and reputation as being their deciding factors in choosing Ocorian. On average, we have been able to save clients around 10-15% from their existing EBT fees. 

We can advise on and administer aspects of employee benefit arrangements including:

  • All-employee share ownership plans
  • Joint ownership equity plans
  • Nominee arrangements
  • Performance, deferred and matching share plans
  • Phantom plans
  • Share option plans
  • Warehousing and internal market arrangements
  • International savings plans

We provide our employee incentive work using Jersey trustee, Irish trustee, APSS trustee and share plan trustee vehicles.

We are a member of ProShare, a member-led, not-for-profit organisation that helps foster responsible employee share ownership.

"Ocorian (formerly Bedell) were appointed as Trustee and administrator to the Scottish and Southern Energy Employee Trust 1999, and our relationship continues some 19 years on. We receive excellent service and support from the team, and their understanding and knowledge is unrivalled particularly their advice on any developments in the trust sector, something we value greatly.

We have always been very satisfied with the services provided by Ocorian and would have no hesitation in recommending them to other potential clients."

Yvonne Taylor-Robertson, SSE plc

Connect with us

Claire Drummond

Executive Director

Channel Islands

See bio
John Daughtrey

Director - Corporate & Institutional

United Kingdom

See bio