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Although UKSA generally
recommends that shareholders should hold their shares in a personal crest
account or in the form of share certificate, some shareholders may prefer to
use nominee accounts. In addition ISA accounts must be nominee accounts.
Under the 2006 Companies Act, beneficial shareholders in fully listed
companies must be "enfranchised", i.e. offered information rights and voting
rights by the company. But it is optional for stockbrokers to support such
enfranchisement and to implement the required supporting systems. In our
view all shareholders should ensure they receive such rights so that they
can vote on important issues that affect your shareholding, and are kept
informed about the activities of the company in which you have invested.
UKSA therefore recommends
that if you wish to open a nominee account, that you consider one of the
following stockbrokers who are known to support such enfranchisement (or
plan to do so):
Brewin Dolphin
Killik & Co
The
Share Centre
Note the inclusion in
the above list does not provide any endorsement of the company in regards to
any other aspect of its services and you should undertake your own
investigation as to whether the services offered are suitable for your
purpose. The above list is in alphabetic order.
Note to stockbrokers:
if you wish your company name to be added to the above list, then please
send an email to: uksa@uksa.org.uk .
Note that Broadridge offers a UK Nominations and Voting Service to assist
implementation of such services for stockbrokers. |
