Thomsons Online Benefits and BDO Stoy Hayward Investment Management announce new partnership

Thomsons Online Benefits and BDO Stoy Hayward Investment Management announce a new strategic partnership to offer individual financial advice to employees who use the Thomsons ìPerquisiteôî platform for flexible benefits and total reward.

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Under the new agreement BDO Stoy Hayward Investment Management, which has recently been awarded Chartered Firm status, will offer a range of services to employees of Thomsons Online Benefits clients.

The services, to be offered on a fully transparent fee basis, include a range of options on investment advice from pension through to all aspects of personal investment planning. Using the services of its parent company, BDO Stoy Hayward LLP, it will also be able to provide a personal tax return service.

Thomsons Online Benefits is the leading provider of reward consultancy and technology in the UK. The new partnership enables Thomsons Online Benefits to combine the delivery of innovative corporate reward solutions to employers with a completely impartial and independent individual advice service for employees.

Michael Whitfield, Chief Executive Officer of Thomsons Online Benefits, comments: ìWe are delighted to announce this new partnership with BDO Stoy Hayward Investment Management. We have taken a long time to select the perfect strategic partner to offer individual advice and other services to the employees of our clients and BDO has clearly demonstrated its capability in this area.î

Whitfield further adds: ìWe can see employees engaging more and more with their employee benefits through our technology so the impact on their personal finances increases as well. By providing a personal advice option through a trusted partner, we believe that employees will have the confidence to seek professional independent advice of the highest standard which in turn will enable them to create a much clearer synergy between their personal finances and their employee benefits.î

Richard Spilg, CEO of BDO Stoy Hayward Investment Management said: ìWe are very pleased to have this alliance with Thomsons Online Benefits, itís the ideal partnership. In these turbulent economic times, clients need skilled professional advisers to guide them through the important financial decisions they face whether it be retirement planning or tax efficient investments.

This partnership now gives clients of Thomsons Online Benefits easy access to a network of experienced consultants.î