EOSB Fund Performance | GO SAVER | 30 JUN 2025 Following our recent post on DEWS’ mid-year results, it’s now time to take stock of fund performance under the GO SAVER Plan, the other official DIFC End-of-Service Benefits (EOSB) Savings Plan, operated by Sukoon Insurance. 👉 Click here to download the dashboard. Note: Please be reminded […]
As we approach the second anniversary of Cabinet Resolution 96/2023 that introduced the alternative End-of-Service Benefits (EOSB) Savings Scheme, a question looms for companies that already offer some form of private pension or savings plans: Is it possible to get an exemption from this national scheme once it becomes compulsory? To be clear: As of […]
EOSB Fund Performance | DEWS | 30 JUN 2025 As we do every month, it’s time to review the performance of the DEWS funds. June marks the halfway point of the financial year, so it’s interesting to see how plan members’ savings have fared so far: Did members gain or lose value? 👉 Click here to […]
With the UAE’s new End-of-Service Benefits (EOSB) Savings Scheme now in motion, employers have a timely opportunity to rethink their employee benefits strategy. At its core, the scheme replaces the traditional gratuity model with a regulated, investment-based approach. These licensed EOSB investment funds are designed to ensure that employee savings are not only protected but […]
On 20 June, Umami Comms DMCC (Umami Comms), a creative communications agency based in Dubai Multi Commodities Centre (DMCC), hosted a financial wellbeing session for its employees. With rising living costs becoming a top-of-mind concern for many UAE residents, Umami Comms’ initiative was indeed timely and thoughtful, to guide employees and give them ways to […]
The DEWS Annual Report 2024 is now out, and it’s packed with information. DEWS has seen a steady growth in Assets under Management (AuM), driven by more employers, more employees, accumulated contributions over time and steady investment gains. Total AuM reached USD 789mn by the end of 2024, and is estimated at USD 889mn as […]
EOSB Fund Performance | GO SAVER | 31 MAY 2025 GO SAVER as well, has generally had a good month in May as did DIFC’s other workplace savings plan DEWS. 👉 Click here to download the dashboard. For background, GO SAVER currently offers 14 funds, one of which – the Generali Capital Protected Fund – has […]
Last year, we wrote about End-of-Service Benefits (EOSB) Contributions paid to funds being an allowable expense for Corporate Tax (CT) purposes, subject to certain conditions. To recap: On the basis of Article 28 of the Federal Decree-Law No. 47 of 2022 (CT Law) that sets out the general rules for allowing deductions from profits for […]
Today’s article is authored by Ruan van Rensburg, CEO of Lux Actuaries Financial Consulting. The AUM model referenced in this article can be obtained from Nisha Braganza, Editor-in-Chief of Pensions Monitor. Please email Nisha at nisha@pensionsmonitor.com to request for the same. Background A recent special report by the European Court of Auditors on Developing Supplementary […]
Is your company thinking of shifting from traditional End-of-Service Benefits (EOSB) gratuity to a structured savings scheme? If you’re unsure, you’re not alone. For those who are new to the topic The UAE EOSB Savings Scheme was introduced by Cabinet Resolution 96 of 2023. To date, there are four approved fund managers with more expected […]