Best shareholder perks lost through nominees
Article Abstract:
UK investors are being persuaded by stockbrokers to use nominee accounts, but this means that they can lose some of the benefits of being a direct shareholder. Companies offer discounts to shareholders and other benefits which nominees do not have access to. This applies to 24 companies of 118 which offer incentives, and the number could increase since it is complicated to deal with nominees. Investors also lose voting rights and are not protected by the Investors Compensation Scheme if they use nominee accounts.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Assurance for nominees
Article Abstract:
Some UK stockbrokers are offering insurance to investors to cover them if the broker goes bankrupt. This insurance can cover investors using nominee accounts. Sharelink offers such a service at a time when there is concern over levels of protection for investors using nominee accounts. Investors do not automatically gain compensation if they use these accounts and this is an area where there is confusion as to investors' rights and protection levels.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Agents as permanent establishments: avoiding the U.S. income tax for foreign businesses. Passive foreign investment companies
- Abstracts: It's enough to make anyone faint. Pick-and-mix income from bond Peps. Market artists make their marke: how do chartists get on in the real world?: how can private investors get started in using technical analysis to track their equity investments?
- Abstracts: Hartstone: it's in the bag. Shani wraps up warm