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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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For Payroll and Human Resource Professionals
