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Thomsons Online Benefits launches new pension fund analysis tool
Thomsons Online Benefits has launched a new online pension fund information service that allows employees in defined contribution (DC) schemes to obtain instant, real-time fund performance values.
The Morningstar Fund Feature is designed to hand control of DC schemes over to members, who will be able to see how their funds are performing against others in the same sector.
Employees will be provided with a wealth of fund performance information for each fund with each provider which can even be sorted by name, sector, MorningStar rating, manager tenure, year-to-date return or latest price. They will also have the option to switch funds.
Michael Whitfield, Chief Executive Officer at Thomsons Online Benefits comments: “For the first time for many employees, they will have access to information on a real-time basis, and not from a provider once a month. It will be right there in front of them. This may not appeal to every single employee, but it will appeal to those who want to manage their pension fund actively.”
The Morningstar Fund Feature is offered as an option within Thomsons' Perquisite™ software as part of an employee's online flexible benefits and total reward site and is not offered as a stand-alone product.
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About Thomsons Online Benefits
Thomsons Online Benefits offer a unique approach to reward. Since our inception, our vision has been to transform employees' appreciation and understanding of their reward package and to remove the administration and communication headaches organisations suffer as a result of running them. By combining consultancy and technology we create intelligent reward solutions which add measurable value to a business.
Our combination of innovation and quality has led to us winning 18 awards over the last three years and attracting a prestigious portfolio of clients including Avon Cosmetics, Betfair, the Economist, Getty Images, MTV, the Ministry of Defence, Royal Bank of Scotland (RBS), Regus, Smith & Nephew, and Vanco plc. Thomsons Online Benefits currently service clients globally from their offices in the UK and Asia.
Thomsons Online Benefits ltd is authorised and regulated by the Financial Services Authority.
Further information can be found at www.thomsonsonlinebenefits.com
For more information contact:
Caroline O'Keeffe
Tel: 020 7802 5855
Email: press@t-bx.com
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