Zurich and Equiom to run DIFC savings scheme
Defined contribution plan is set to launch from January 2020
Defined contribution plan is set to launch from January 2020
Limits put on claims but greater protection against discrimination and clarity on pay
Government hopes system will ‘provide employment opportunities for new generations’
The operation in the DIFC will offer private wealth and end of service gratuity services
Concerns about reliance on, and lack of knowledge about, end of service gratuities
Pension schemes could soon be available for expat workers in the UAE, following a study that recommends replacing traditional end-of-service gratuity schemes with a savings investment fund.