31% of UAE employees want retirement savings plans, according to Zurich’s 2024 Future of Work Survey
Zurich Insurance, a prominent insurer in the UAE and administrator of the DIFC Workplace Employees Savings scheme (DEWS), recently released the fourth edition of its annual Future of Work survey. This year’s survey based on feedback from 2,000 employers and 2,000 employees across the UAE (50%), Saudi Arabia (25%), Qatar, and Bahrain reveals the critical […]
Mercer, the global consulting firm specializing in employee benefits and investment solutions, recently released the 16th edition of the Global Pensions Index Report 2024 (the ‘Report’) in collaboration with the CFA Institute. The Report highlights that many countries are facing challenges related to aging populations, characterized by increasing life expectancies and declining fertility rates leading […]
In recent weeks, Pensions Monitor has been engaging with companies to assess their understanding and readiness for the new End-of-Service Savings scheme. While most companies are aware of the scheme, many feel that there is little urgency as the scheme is still optional. Moreover, there are no investment options available yet. However, this voluntary phase […]
Ever since the new End-of-Service Savings (‘EoSS’) scheme was announced by the UAE’s Cabinet of Ministers late last year, rumours have been doing the rounds on who will enter the market first and launch a compliant EoSS product. Fund managers For Fund Managers, EoSS is literally a dream come true with the opportunity to significantly […]
In October 2023, the UAE Cabinet announced a new alternative to the current End of Service Benefits (EoSB) system popularly known as indemnity. Let’s coin the new alternative as End of Service Savings (EoSS).