UK Money News
22nd May 2008
Demand for share ownership schemes increased last year
The numbers of Britons choosing to participate in share ownership schemes has increased over the last year, new figures have revealed.
Data from ifs ProShare shows that there are now five million UK employees participating in employee share plans.
Increased demand for among consumers has been particularly notable for Save As You Earn (SAYE) schemes, with some 600,000 more consumers opting for the products than was the case in 2006.
Phil Hall, head of public affairs at ProShare, said: "Employee share plans are a relatively simple but effective method of saving, with employees gaining a stake in the company they work for and the opportunity to share in the financial successes of their employer.
"Our survey results suggest that increasing numbers of employees are recognising these basic facts and we naturally hope these trends continue."
The study also found that the average amount of money being saved in an SAYE scheme in 2007 rose to £89 a month, up from £71 in 2006.
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