media centre: thomsons online benefits offers clients personal finance product comparison service
thomsons online benefits, the leading employee benefits consultant and technology provider, is to provide clients with a personal finance product comparison service. This has been developed in conjunction with MoneyExpert.com, the financial services product comparison website, which enables people to find financial products to meet their specific needs. Products covered will include credit cards, personal loans, mortgages, savings accounts and a range of general insurance products.
The service is founded upon exclusive research conducted by MORI, which reveals financial product providers' service levels. This information is married up with a financial product database from which a list of recommended products is tailored for the individual. The service also offers a free credit profiling service which enables users to develop a better understanding of their likely credit profile, and from this identify product providers who lend to people with similar profiles. This helps increase the chance of their application being accepted.
Michael Whitfield, Managing Director of thomsons online benefits said: “Our research suggests that over the past 12 months, as many as 14 million people have sourced a financial services product through their workplace(1). As people lead increasingly busy lives, more are turning to their employers for help in finding appropriate financial services products. Our new service will enable our clients to help their employees in this area.
“In looking for a partner to develop our financial services product comparison service, we chose MoneyExpert.com because they have an independent, comprehensive and easy-to-use proposition. Feedback from our clients revealed the importance they place on offering their employees access to a totally independent service and their distrust of voluntary benefit providers who use their service as a vehicle for selling their own financial products.”
Sean Gardner, Chief Executive, Moneyexpert.com said: “The retail financial services market is becoming increasingly crowded with products, which can be very confusing for the consumer. Our aim is to help people choose financial services products that meet their specific needs and we are delighted to be working with thomsons online benefits to help them develop a service in this area for their clients.”
For further information about thomsons online benefits, visit www.thomsonsonlinebenefits.com or call 020 7802 5855. For further information on MoneyExpert.com, visit the website at www.moneyexpert.com.
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Notes to editors:
(1) GfK NOP interviewed 531 people in work between 7th and 9th July 2006.
For More Information Contact:
David Stewart, Senior Account Executive, Citigate Dewe Rogerson - 020 7638 9571
Caroline O'Keeffe, PR Manager, thomsons online benefits - 020 7802 5855
thomsons online benefits
thomsons online benefits was founded in 2000 to revolutionise the way that benefits are administered and communicated. They have won awards for both their consultancy and technology skills including: "Communication Provider of the Year" in the Employee Rewards & Benefits Awards 2006, "Corporate Adviser of the Year" in the Money Marketing Financial Services Awards 2004, 2005 and 2006, "Most Effective Use of an International Benefits Strategy" in the Employee Benefits Awards 2004 & 2006, "Flexible Benefits Solutions Provider" in the Pensions Management awards 2006, "Advanced Supply Chain Integration" National Innovation category, & "E-business" for London region in the DTI Ecommerce Awards 2004.
thomsons online benefits is authorised and regulated by the Financial Services Authority.
MoneyExpert.com
MoneyExpert.com was formed in May 2003 after a management buyout of Blays, the longest established provider of comparison data to the financial services industry. The organisation provides an up-to-the minute financial comparison service allowing customers to select from all suitable products from all relevant providers. It is partnered with the financial research company Defaqto whose customers include a number of banks and insurance companies as well as the Financial Services Authority.
MoneyExpert.com was rated one of the top 50 businesses to watch for in 2005 by Real Business magazine.
MoneyExpert Limited is authorised and regulated by the Financial Services Authority. Firm Reference Number 301654.
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