Assessing the outlook for the UAE’s End-of-Service Benefits In an exclusive interview with Pensions Monitor last week, it is clear that market sentiment is buoyant and the Securities and Commodities Authority (SCA) is positive that the End-of-Service Benefits (EOSB) market segment will see a further increase in activity in 2025. EOSB local fund managers continue […]
Ras Al Khaimah Economic Zone (RAKEZ) has entered into a strategic partnership with PraxisIFM Trust Limited (Praxis), an established provider of pension solutions, and fintech company Equevu Ltd (Equevu), to introduce the Middle East Workplace Savings Scheme (MEWSS) to its business community. The memorandum of understanding (MOU), reportedly signed last week, aims to encourage the […]
Over a year since its introduction, the new End-of-Service Benefits (EOSB) Savings scheme has officially enrolled its first clients. Among the early adopters is BSA LAW (BSA), a prominent advocacy and legal consultancy firm in the UAE, which has announced its participation in the scheme by partnering with Daman Investments to manage its employees’ savings fund. […]
Lunate Capital LLC (‘Lunate’), one of the four approved providers for the UAE’s End-of-Service Benefits (EOSB) Savings Scheme, recently announced the launch of its EOSB Savings plan, branded as Ghaf Benefits. Ghaf Benefits, is named after the drought-tolerant Ghaf tree which is also the national tree of the UAE and is a registered trademark for […]
The Registration Authority (RA) of the international financial centre of Abu Dhabi – ADGM (Abu Dhabi Global Market) has published new employment regulations (the Employment Regulations 2024) which reflect global changes in workplace practices. The new rules (available for download below) will come into effect on 1st April 2025, thereby granting employers sufficient time to align their internal […]
Sukoon Workplace Savings unveils GO SAVER fund offerings: A new EOSB Savings Plan for DIFC employees
GO SAVER, a new End-of-Service Benefits (EOSB) Savings plan for employees of the Dubai International Financial Center (DIFC or freezone) was officially launched on 28 January 2025, at the prestigious Waldorf Astoria, DIFC following its successful pilot phase in the last quarter of 2024. This launch marks an important development for DIFC, where DEWS (DIFC […]
First Abu Dhabi Bank (FAB), the UAE’s largest bank by assets, has officially partnered with FinTech firm Aurem to provide the IT platform for its End-of-Service Benefits (EOSB) Savings Plan, as per information disclosed on the bank’s website, cited on 20 January 2025. This announcement follows the earlier update from October 2024, which disclosed the […]
HAYAH Insurance (HAYAH), the first insurance company in the UAE to secure a fund management license from the Securities and Commodities Authority (SCA) in June this year, and a strong contender for UAE’s mainland End-of-Service Benefits (EOSB) Savings scheme, has announced a strategic partnership with additiv, a global leader in fintech, to deliver a comprehensive […]
The Ministry of Human Resources and Emiratisation (MOHRE) has officially approved First Abu Dhabi Bank (FAB) as a new provider for the alternative End-of-Service Benefits (EOSB) Savings scheme based on MOHRE’s website listing sited on 17 October 2024. This approval marks FAB as the fourth approved provider since the scheme’s introduction vide Cabinet Resolution 96/2023 […]
The Securities and Commodities Authority (SCA) has approved the first three End-of-Service Benefits (EOSB) Savings funds as per the listing on its website sited on 10 October 2024. This approval marks a pivotal step in the implementation of the EOSB Savings scheme in the United Arab Emirates as per Cabinet Resolution 96/2023 that makes three […]