Following pressure from ifs ProShare, the Chair of the BIS Select Committee, a member of Treasury Select Committee and Chair of the 1922 Committee have joined forces to call on the Government to increase the SAYE and SIP savings limits. Please visit the relevant news item here for more information.
Phil Hall, Special Adviser to the ifs, today appeared before the Liberal Democrat Policy Working Group on Mutualism and Employee Share Ownership.
The Working Group consisting of parliamentarians, business professionals and academics is currently examining the issue of employee share ownership, employee owned companies and mutualism.
Speaking after the evidence session, Phil Hall said:
"It was useful to have the opportunity to build on the written evidence ifs ProShare submitted to the Liberal Democrats Policy Working Group last month.
Following on from Nick Clegg's speech earlier this month it also provided a good forum to highlight that employee share ownership as promoted by ifs ProShare is very, very different from the John Lewis model; that over 2 million UK employees already participate in an all-employee share plan and that there are several simple changes to existing share plan legislation that would increase the number of employers and employees benefitting from employee share plans."
