Prudential Corporation Asia and Thomsons Online Benefits announce partnership in Asia

Written by PayPerShop.com - Filed under: Press Releases on November 28th, 2008

(London, 27th November 2008) Prudential Corporation Asia, the Asia business of international retail financial services group Prudential plc, and Thomsons Online Benefits, the leading employee benefits consultancy and software provider, announce a new partnership enabling Prudential to use Thomsons Online Benefits’ market-leading Perquisite™ software for its third-party employee benefits services in Asia.

In addition to life insurance, asset management and consumer finance, Prudential’s Asia business provides employee benefits services through its “empower” division, which helps companies establish and manage flexible employee benefits programmes. The new software will enable empower to streamline and reduce administration of its client services, thereby providing enhanced value at reduced time and costs.

Commenting on the partnership, Kevin Rice, Head of empower, said: “We look forward to working with Thomsons Online Benefits as our technology partner in Asia. Their software services provide us greater flexibility to configure schemes which will help us to offer our customers an even higher quality of services and support, and also lower their per-employee processing costs through advanced, web-based administration and tools.”

Chris Bruce, Managing Director of Thomsons Online Benefits, added: “There are tremendous benefits to be realised from using technology to manage employee benefits. Flexible benefits are still in their infancy in Asia, but we are excited to work with Prudential and with empower to provide employers with this next generation of flexible benefit services and support.”

Despite a softening economy, employers in Asia continue to develop flexible benefits schemes — especially as they look to reduce administrative expenses and find new and innovative ways to reward employees through alternative, cost-effective employee benefits and services. The partnership of empower and Thomsons Online Benefits provides a user-friendly technology platform for benefits administration.

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, 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

About empower
empower is an innovative employee benefits scheme from Prudential Corporation Asia, dedicated to providing employers with cost-effective flexible benefits solutions to recruit and retain talents. The service ranges from scheme design through benefits sourcing and management to communications, implementation and ongoing administration. empower helps organisations to improve their ROI in employee benefits and transform employee benefits from an administrative burden to an efficient and cost-effective talent management tool that provides companies with a measurable advantage in the marketplace.

Further information can be found at www.empower-benefits.com

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Filed under: Press Releases on November 28th, 2008