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April 2004
thomsons online benefits prove to be a dot com success after scooping "Corporate IFA of the Year" award
Leading online employee benefits consultants, thomsons online benefits, has demonstrated that online delivery really is the future of employee benefits after scooping two awards at a recent industry award ceremony.
thomsons online benefits scooped the Corporate IFA of the Year Award and second place in Best Use of New Media in the 14th Money Marketing Financial Services Awards.
thomsons online benefits won second place in Best Use of New Media category for its "first-class online benefits service that offers clear advantages to the employer, employee and pension provider. Ease of use and ability to cut costs marked this technology solution as one that could deal with high levels of business while keeping costs to a minimum".
The Money Marketing awards reward the most creative and effective financial services organisations and have become a byword for creative excellence in the financial services sector.
These successes help position thomsons online benefits at the forefront of the employee benefits industry. The company has gone from strength-to-strength since it was formed December 2000, and amidst the flurry of activity that preceded the launch of stakeholder pensions where benefit providers were being bombarded on a daily basis by technology start-ups eager to cash in on the stakeholder bandwagon. Several key benefit providers choose to integrate their systems with thomsons online benefits on the basis of their innovative approach to distribution and cost cutting.
Its client base covers a variety of industry sectors and includes MTV, Regus and Motability Operations. While several IT companies are benefiting from working with the company to implement online employee benefits packages, including Vanco plc, BrightTALK and Firstwave. thomsons online benefits now operate employee benefits schemes in twelve countries.
thomsons online benefits rapid growth and fast attainment of profitability have been achieved by using technology backed up by human interaction to revolutionise the way that employee benefits are administered and communicated both in the UK and globally. Its technology demonstrates real gains such as:
- Cutting costs and streamlining HR processes for employers;
- Educating and engaging employees to understand and value the importance of an employer's investment in benefits; and
- Introducing a more cost effective way of conducting business for both an independent financial advisor and the benefit providers that they deal with.
thomsons online benefits developed the first paperless and signatureless enrolment process for Group Personal and Stakeholder Pensions in the UK and pioneered obtaining approval from the Inland Revenue. They also created the first direct technology links with benefit providers using XML.
Michael Whitfield, Managing Director of thomsons online benefits comments: "We are absolutely delighted to have won these awards against such strong competition so early in our company history.
"It is a reflection not only of our commitment to using technology to overcome the failings of the traditional employee benefits approach but also confirmation of the success of our business model and our ability to deliver a first class service to our clients. This is another exciting step in the development of our business and we look forward to continued growth and success in the future".
Ends
For more information on thomsons online benefits
Caroline Shenton
thomsons online benefits
Tel: 020 7808 7588
Email: cs@t-bx.com
www.thomsonsonlinebenefits.com
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