Property company Hammerson has outsourced the administration of its executive share plans.
Previously, the company’s managed its share plans in-house, but the move was made in early 2010 to outsource these to Killik Employee Services, which will provide share plan administration, share dealing services and an employee web portal.
A spokesperson for Hammerson said: “The use of a web portal provided by Killik is a helpful tool for participants to view their holdings.”
The decision to outsource the scheme was made in 2009. The spokesperson added: “Given the increasing amount of management required for the administration of the company’s share schemes, a decision was taken to transfer the administration to a specialist provider.”
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