Hot on the heels of Daman Investments, it has been revealed that Hayah Insurance has received approval by the Securities & Commodities Authority (SCA) for its End of Service Saving (EoSS) product. We are still awaiting details for Hayah’s offering, but let us briefly summarise a few key points: Firstly, it has to be noted […]
Once the new end-of-service savings scheme (‘EoSS’) takes off in the UAE, and once it becomes compulsory, every month, every single employer will pay a certain percentage of every single employee’s salary into investment funds. Question: How much money will there be in these funds, after one year, after five, after ten? The answer to […]
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 […]