Fiduchi are experts in assisting companies in the facilitation of employee incentive arrangements through the provision and administration of corporate vehicles and the provision of plan administration services.
Like the incentive plans themselves, flexibility exists around the structure used in relation to the management of incentive arrangements. There may be a number of factors that determine the most appropriate vehicle but it can simply come down to cost efficiency or familiarity. Corporate vehicles typically used in the facilitation of employee incentive plans include trusts, partnerships and companies.
In addition to the provision of corporate vehicles in the facilitation of incentive arrangements, Fiduchi are also able to provide a market-leading online software solution for the administration of the incentives plans themselves.
Fiduchi provides services in relation to the incorporation and on-going management of corporate vehicles for the facilitation of employee share plans.
Share plans provide businesses with a flexible mechanism for providing benefit to employees. We work with a clients’ advisors to assist with the implementation of share plans tailored to each individual client’s needs. Simple examples of commonly used share plans include:
Whilst flexible, awards under the plan can simply take the form of a right to acquire shares at a point in the future (often three years from grant) for nil consideration, usually subject to an employee’s continued employment.
PSP awards will have performance criteria attached to them. The company determines the performance criteria, such flexibility allowing awards to be directly linked to the performance of a group, employing subsidiary or the individual employee.
In simple terms, under a deferred bonus plan a portion of an employee’s bonus will be deferred for a defined period in the form of shares. Value is delivered to the employee on completion of the deferral period.
Essentially, the granting of an option over employer shares to an employee. The flexibility of the plan allows the employer to determine the option exercise price (e.g. share price at grant/nil) and the vesting period.
Like share plans, cash plans can be tailored to meet a client’s specific requirements in order to ensure that they achieve their employee attraction, motivation and retention goals. Simple examples of commonly used cash plans include:
Phantom plans are a form of cash plan where the value of awards granted under the plan are linked directly to the share price of the company. From the perspective of the employee, the plan replicates that of a share plan, however, as the value of awards are distributed in the form of cash it can provide companies with the benefit of linking the value of awards to share price without the potential dilution or administrative challenges. Like most incentive plans, the rules of phantom plans can be tailored to companies’ specific requirements.
The ‘International Savings Plan’ is an innovative savings plan product for international employers, which has been available in Jersey since January 2019. The ISP is designed to allow employers to create as flexible a plan as they need to meet the different requirements of their employees wherever they might be in the world. This differs from the more rigid pension plans that employers have traditionally offered their employees. For example, ISPs can be set up to allow payouts to employees before the normal minimum retirement age. Under an ISP, a payout can be made at the end of an employment term or upon the occurrence of a significant life-changing event such as redundancy, divorce or ill health.
Web enabled, 24/7 access to all plan information for company stakeholders
Information updated in real-time
Ability to view and filter all participants
Access to suite of pre arranged, Business Intelligence reporting
Complete management oversight and control for company
Ability to create and schedule your own reporting
"Fiduchi's Online Share Plan Administration portal, has saved time, money and paper, and [it] allows us to become more efficient in the managing of our employees share awards. It's really fantastic what an impact this platform has made."
Micheal S
Head of People - Tech startup company.
Onboarding of your data to our online platform is easy regardless if you choose a fully-managed or self-service in-house solution. By making the switch to our platform, you can upgrade from having to manage your share plan data on complicated spreadsheets. Plus, to make the process as simple as possible, our experts will assist you every step of the way and we also provide helpful guides.
For businesses who opt for our fully managed solution, our platform is able to deal with each business’s unique requirements. When it comes to dealing with exact legal and regulatory issues, our platform will be able to automatically determine the actions required for each award or vesting, specific to the country in which the company operates. Therefore minimising the risks and allowing full compliance from a legal and regulatory position.
Our platform uses the highest standards to protect the valuable data and assets we hold on behalf of our clients. Our platform provider has a team of in-house cyber security and IT professionals to protect our system and carry out security audits, due diligence, penetration testing and to oversee potential threats. They are fully regulated, accredited and certified by a range of statutory and non-statutory bodies including the US Department of Commerce’s Privacy Shield.
Our platform can be branded to match your company’s own brand, therefore becoming a professional extension of your employee benefits. You can set role-based access and let your employees and shareholders log into their own online branded share platform anytime, anywhere and see exactly what shares they have and how much they are worth. They can also easily accept grants, exercise options, calculate potential pay-outs and more.
Our experienced Private Client and Family Office teams are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.
Our experienced Corporate team are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.
Our experienced Funds team are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.
Our experienced team are here to answer any questions you may have. With a wealth of knowledge and expertise, they will be able to advise you on right solutions to meet your needs. You can rest assured that core to the Fiduchi principles are how your interests should best be met.
Our experienced employee services team are here to answer any questions you may have regarding all types of employee incentive requirements. With a wealth of knowledge and expertise, they will be able to assist in finding the best solution to achieve your business needs.
