Leading comparison service Compare the Market launched its ‘Simplesness’ philosophy to the nation on Sunday night via its latest TVC, announcing the meerkats’ big move to the Land Down Under to spread their important message.
The TVC – ‘BBQ’ – sees our favourite Russian meerkats move in next door, to introduce their new neighbours to Simplesness, a state of mind designed to empower people to save time and money and get the most out of their household budgets.
The concept of Simplesness was borne out of the findings of a research study commissioned by Compare the Market and developed by Deloitte Access Economics, the Financial Consciousness Index.
The study aimed to understand why so many consumers are unwilling to make changes to their household products and services despite an understanding that they could save money if they looked for a better deal.
Compare the Market CMO Jennifer Williams said: “The study identified clear consumer apathy when it came to reviewing their products and policies, either because it was seen as too complex or they feared making the wrong decision.
“Our Simplesness philosophy aims to simplify the process of comparing confusing products and remove the fear of making a bad decision by empowering consumers with the information and tools they need to make confident purchasing decisions.
“Simplesness is a whole-of-business philosophy. We want every interaction consumers have with Compare the Market to be simple and empowering.
“We have developed a range of tools and resources to support consumers’ mission to improve their household finances.”
To support the launch of Simplesness, Compare the Market commissioned a financial author, Melissa Browne, to write a financial self-help book entitled Money made Simples.
The free-to-download eBook provides hints and tips on how best to meet your money goals.
A number of tools, such as a Budgeting Calculator and a Savings Tip Generator, have also been created to inspire consumers to get the most out of their household budgets.
“We have updated a number of our comparison service journeys to make them simple and intuitive for consumers – most recently we’ve overhauled our car insurance and credit card journeys to ensure they offer consumers a best-in-class experience,” said Jenny.
In light of Simplesness and the meerkats move to Australia, Compare the Market has also updated its brandmark, to bring the meerkat and market worlds closer together.
The new logo is instantly recognisable, capturing both the charm of the meerkats and the simplicity of using the comparison service.