Shareholder Incentive Vouchers - Which Brokers will handle them?

bagand96

Asked this in the HL Fee Changes thread although it's a small issue and there's plenty of other discussion there so I thought it might warrant a new thread.

A number of UK companies issue shareholder benefits vouchers/cards, mainly from the leisure sector (Mitchell's & Butlers, Marstons, Fullers, Whitbread etc).  HL maintains a pretty good list of current offers Shareholder Perks & Benefits | Shares with Perks | Hargreaves Lansdown

When you hold via a nominee account it's dependent on the broker whether they claim and forward the vouchers on your behalf.  Hargreaves Lansdown will do this, as do ii and I think Halifax.

Until now holding shares with HL has been free however with their fee changes they will now charge 0.35%.  I guess this leaves a number of options:

1) Stick with HL and swallow the 0.35% charge

2) Move to a free broker (ie T212) who doesn't handle Shareholder Perks, and hope they'll provide Proof of Share Ownership so vouchers can be claimed directly from the company (this will depend on both the broker and the company and doesn't seem fool proof)

3) Go to paper certificate so the company will send the vouchers directly to you

4) Find another broker who handle Shareholder Incentives, and are more competitive than HL - or even free

With option 4 in mind, does anyone know of any other brokers that handle Shareholder Incentives on nominiee's behalf?  Initial research suggests HL, ii and Halifax....

wmb194

bagand96 said:

Asked this in the HL Fee Changes thread although it's a small issue and there's plenty of other discussion there so I thought it might warrant a new thread.

A number of UK companies issue shareholder benefits vouchers/cards, mainly from the leisure sector (Mitchell's & Butlers, Marstons, Fullers, Whitbread etc).  HL maintains a pretty good list of current offers Shareholder Perks & Benefits | Shares with Perks | Hargreaves Lansdown

When you hold via a nominee account it's dependent on the broker whether they claim and forward the vouchers on your behalf.  Hargreaves Lansdown will do this, as do ii and I think Halifax.

Until now holding shares with HL has been free however with their fee changes they will now charge 0.35%.  I guess this leaves a number of options:

1) Stick with HL and swallow the 0.35% charge

2) Move to a free broker (ie T212) who doesn't handle Shareholder Perks, and hope they'll provide Proof of Share Ownership so vouchers can be claimed directly from the company (this will depend on both the broker and the company and doesn't seem fool proof)

3) Go to paper certificate so the company will send the vouchers directly to you

4) Find another broker who handle Shareholder Incentives, and are more competitive than HL - or even free

With option 4 in mind, does anyone know of any other brokers that handle Shareholder Incentives on nominiee's behalf?  Initial research suggests HL, ii and Halifax....

This has come up occasionally; this might be the most recent thread, from May 2025:

https://forums.moneysavingexpert.com/discussion/6605498/shareholder-perks/

IIRC Carnival was happy with a recent stockbroker's account statement and you applied for its perk via an app.

If you think Halifax Share Dealing will do what you want you should see whether its Scottish Widows branded stablemate will as well as it has no account fees.

https://www.scottishwidows.co.uk/investing/ways-to-invest/share-dealing-services.html

bagand96

wmb194 said:

This has come up occasionally; this might be the most recent thread, from May 2025:

https://forums.moneysavingexpert.com/discussion/6605498/shareholder-perks/

IIRC Carnival was happy with a recent stockbroker's account statement and you applied for its perk via an app.

If you think Halifax Share Dealing will do what you want you should see whether its Scottish Widows branded stablemate will as well as it has no account fees.

https://www.scottishwidows.co.uk/investing/ways-to-invest/share-dealing-services.html

Thanks I'll have a read.  My current holding is only around £250 so the HL fee will be around £0.85 a year, which basically covers their admin and postage to send me the vouchers.

I guess in today's market it's too much to expect a broker that has no holding fees but will also do admin like this, which to a point I understand!

I'll investigate Scottish Widows, my S&S ISA is there although from memory I don't think IWeb provided the service, I may even be wrong about Halifax

bagand96

Just to update in case anyone else was interested, I messaged Scottish Widows to ask the question on Shareholder Perks and received the following reply:

Thank you for your enquiry.

Once we apply the voting and perks flag to your account, you will automatically receive all relevant information regarding voting events and any associated perks.

Please note that Scottish Widows and Halifax Share Dealing both operate under the Lloyds Banking Group umbrella.

WillPS

I've had Mitchell & Butler vouchers though IWeb last year and Scottish Widows this year (post-rebrand). It always comes in an HBOS branded envelope which immediately gets my attention.

bagand96

https://forums.moneysavingexpert.com/discussion/comment/81862675#Comment_81862675

Still waiting for mine from HL 🙄