View more on these topics

MBO for Thomsons Online Benefits

Thomsons Online Benefits has negotiated a management buyout from its IFA parent company AWD.

The directors and venture capitalist Pi Capital now own 100 per cent of the business.

Thomsons Online Benefits uses internet technology to help companies offer benefits to employees online. The move will see it open up its services to other IFA firms.

Thomsons Online benefits was founded in 2000 as an offshoot of Thomsons Emp-loyee Benefits, part of Thomson’s IFA. The whole group was bought by German adviser group AWD Holding AG in 2001. The AWD group has 5,500 advisers across Europe. Thomsons Online Benefits will keep its name. Its clients include MTV, Smith and Nephew, Reed, Regus and Vanco. Thomsons Employee Benefits was created in 1997 after an MBO of the groupled by current AWD chief executive Douglas Gardner. TEB made some significant acquisitions, including the Sipp, SSAS and group business of Pointon York.

AWD chief executive Douglas Gardner says: “At AWD, we are passionate about our independence from product providers. This is a crucial driver for our business. As the Thomsons Online Benefits’ business has grown in to the market-leading online benefit platform, it has become inc- reasingly difficult for us to maintain our independent stance when selecting an online benefit provider.”

Recommended

HSBC launches child trust fund

HSBC launches a child trust fund this week in response to the Government’s initiative to give children a financial head-start. HSBC’s fund will be an equities-based stakeholder account which will invest in the bank’s UK growth and income fund for the first 13 years of a child’s life. For the final five years of the […]

Pima wins accreditation

The Pep and Isa Managers Association has got accreditation from the Securities & Investment Institute to deliver investment administration qualification educational modules.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com