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Partnership share matching scheme December?

18 Nov 2019, 11:45

15/11/19 = 40 shares purchased + 2 free @ £2.30.

The site must have updated this morning.

Still building up nicely,totalling 559 partnership shares and 28 free shares over 14 months,(£100/monthly investment).

Partnership share matching scheme December?

01 Dec 2019, 18:47

I agree about the £100 per month should only be carrying over less than the price of one share but if you look at your account you'll find;

17/12/18. - £113 was spent.
15/04/19. - £113 again.
17/06/19. - £114 in June.
16/09/19. - £115 in September.

Another kind user near the start of the thread explained how Royal Mail payroll gives the money to Equinti at the end of the month and the shares are purchased roughly two weeks later.
It all made sense once I'd read it.

Partnership share matching scheme December?

01 Dec 2019, 18:49

macphee1 wrote:
wacko74 wrote:My Feb allocation isn't showing up yet and also according to the website my last contribution date was 25/1, so not sure why my last 3 contributions aren't showing either.

Anyone else have similar issues?

(The contributions are still showing on my payslip, so not sure where they've been going!)


I phoned up about this a couple of months ago.Apparently Equiniti take/transfer our deductions on the last day of every month and in between these days our weekly deductions are held by payroll/ Royalmail, probably earning interest. Equiniti then use the money they take to buy shares on the 15th of the next month, ie Equiniti take the money on 31.01.19 and use this money to buy shares on 15.02.19, again probably earning interest. Equiniti can only update our contribution record when payroll transfer the money and they buy the shares.Using this month as an example, all of our contributions after 25.01.19 will be held by payroll/Royalmail until Equiniti take them on 28.02.19, and buy shares on 15.03.19. Only then will our contributions/deductions be updated,and only up to 28.02.19.
It took me a while to get my head round,and I was over an hour on the phone, as I was convinced I was getting screwed over.

Partnership share matching scheme December?

17 Dec 2019, 16:21

The Equinti website must have updated this afternoon for December 2019.

16/12/19 - 46 shares purchased @ £2.49 + 2 free per £100 investment/monthly.

This brings the total to date per £100/monthly investment to 605 partnership shares + 30 free.

Partnership share matching scheme December?

16 Jan 2020, 13:12

January update just now.

15/01/20 = 42 shares purchased @ £2.22 + 2 free per £100 monthly investment.

A running total now of 647 shares purchased + 32 free per £100 monthly investment since the scheme started.

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