UAE to launch end-of-service scheme for private sector employees
It will include three main investment options
End of Service Gratuity
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Insurance group sets up end of service gratuity arm in DIFC
Operation will administer workplace savings schemes
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Call to modernise Bahrain’s expat pension schemes
‘Executing such a plan will promise the creation and development of a new and thriving pension industry’ in the next 10 years
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Tech firms partner to roll out end-of-service benefit solution
It will be available to expats working in the GCC
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Does Dubai end of service gratuity scheme lack competition?
‘Employers did not have sufficient time’ to look at alternatives and ‘so they went into the default’ plan
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Zurich rolls out app for UAE end-of-service benefits
‘First of its kind’ tool will make control of financial future ‘easier and more transparent’
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Over 1,000 DIFC companies enrol in end-of-service scheme
It represents 85% of all eligible organisations in the Dubai-based financial centre
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Nearly 90% of expats in UAE not equipped for retirement
As they intend to work ‘as long as they are able to’ past the state retirement age
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End of service benefit funding retirement for most UAE workers
Despite this increased reliance, people are expecting to receive, on average, just AED17,000
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UAE firms back mandatory end of service benefit scheme
As many put themselves at financial risk by taking payments out of cashflow
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Generali and Dubai insurer target end of service benefits
Scheme will allow members to take their savings plan with them when they move country
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UAE finance hub to revamp end of service benefit payments
Dubai International Financial Centre seeks to make contributions mandatory