LONDON 10 November 2005: Complinet, a leading supplier of compliance, human resources information and software solutions for the UK and US financial services sectors, have enhanced their benefits package by offering employees the ability to purchase a range of tax-free benefits including home computers, bicycles and childcare vouchers. Complinet currently employs over 160 people in its offices in New York and London.

In March of this year, Complinet asked thomsons online benefits to rebroke all their benefits, and then to implement and communicate their online employee self-service solution "Perquisite". This move boosted the take up of the pension scheme amongst employees by 20 per cent and encouraged the majority of employees to take advantage of the private medical insurance on offer.

Sheena McLullich, HR Director at Complinet comments:

"Moving our benefits online ensured that all our employees were aware of all the benefits that they received and their value. Previously promoting and keeping employees up-to-date with their benefits package required constant communication on behalf of the HR team. By implementing self-service technology we have been able to give employees control over their own benefits and the ability to get all the information they need 24/7 without the need to contact HR."

"Eliminating this administration and communication burden has given us the time and confidence to enhance our existing package by giving employees the chance to buy tax free benefits."

McLullich calls this a "logical step" which fits with their reward strategy of providing benefits which make employees feel good about their job.

Employees will be able to purchase the new benefits through the "Perquisite™" platform provided by thomsons online benefits.

About thomsons online benefits

thomsons online benefits was founded in 2000 to revolutionise the way that benefits are administered and communicated. They have won the following awards "Corporate Adviser of the Year" in the Money Marketing Financial Services Awards 2004 and 2005, "Most Effective Use of an International Benefits Strategy" in the Employee Benefits Awards 2004, "Advanced Supply Chain Integration" National Innovation category and "E-business" for London region in the DTI Ecommerce Awards 2004. thomsons online benefits is an appointed representative of AWD Consultancy Ltd, which is authorised and regulated by the Financial Services Authority. Further information can be found at www.thomsonsonlinebenefits.com

About Complinet

Complinet is a leading publisher of regulatory information and a provider of compliance services and software solutions to the international financial services industry. From regulatory publishing and compliance training through to software development, the company provides extensive compliance services. Complinet currently employs over 160 people in its offices in New York and London. Each day, more than 15,000 regulatory professionals working in more than 1000 companies worldwide rely on Complinet for quality analysis and robust compliance systems. Further information can be found at www.complinet.com or by calling 0870-042-6400 (UK & Europe). 212-758-7000 (North America)

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