• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Fintech

Zurich Middle East launches DEWS app for UAE end-of-service

Zurich Middle East launches DEWS app for UAE end-of-service
  • Christopher Copper-Ind
  • @intlinvestment
  • 24 September 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Zurich Workplace Solutions (Middle East) Limited has teamed up with Smart, the organisation that powers the Smart Pension Mastertrust in the UK, a global technology provider transforming financial well- being across all generations, to launch the Zurich for DEWS app in the UAE.

The app, developed by Smart and fully customised for DEWS, the Dubai Internationall Financial Centre (DIFC) Employee Workplace Savings scheme, provides members with a simple, quick and hassle-free digital way to manage their workplace savings accounts.

Related articles

  • Regulatory push is transforming workplace saving plans in the UAE
  • Comment: Why Dubai's DEWS plan is good news for advisers
  • 1,100 DIFC companies enrolled into Dubai's employee benefit scheme
  • DIFC launches employee savings scheme

Along with creating much-needed transparency over these investments, the app responds to emerging appetite for contactless solutions and seamless experience across multiple channels.

This partnership really illustrates what's now possible in retirement technology and we are immensely proud of the end result."

Zurich Middle East said key features for members using the app include:

  • Access to their DEWS account from anywhere, at anytime
  • Ability to see their latest account value, contribution history and monitor their investments
  • Ability to manage their investments and switch their strategies to suit their risk appetite
  • Facility to nominate beneficiaries

"When we launched the DEWS plan, we had made a commitment to continually enhance our service offering such that employers and members find the day-to-day interactions easy, intuitive and hassle-free. We want to take away some of the barriers that detract people from making regular savings, and help our members prepare for a secure financial future. The Zurich for DEWS app is the next step in that journey towards financial freedom," said Reena Vivek, senior executive officer at Zurich Workplace Solutions (Middle East) Limited.

Will Wynne, group MD at Smart added, "This partnership really illustrates what's now possible in retirement technology and we are immensely proud of the end result. It's the first of its kind and was created to provide a smooth and simple customer journey, while simultaneously bringing long term savings into the 21st century."

The DIFC's DEWS plan ensures that all contributions by the employer are held in a trust with the Master Trustee, Equiom, on behalf of the employees, and is fully paid out when the employee leaves the employer. That protection is extended to the historical accrued gratuity pots, if these were transferred into the plan, Zurich said.

Subscribe to International Investment's free, twice-daily, newsletter

 

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Fintech
  • Zurich Middle East
  • Middle East
  • DEWS
  • DIFC
  • Dubai International Financial Centre (DIFC)

More on Fintech

Comment: Tesla, Bitcoin and the implications for the funds industry

  • Comment
  • 11 February 2021
Australia's Milestone Group launches Asia-Pacific institutional asset solution

  • Fintech
  • 02 February 2021
Blockchain offers 'burgeoning' investor opportunities, finds Invesco report

  • Fintech
  • 01 February 2021
WisdomTree expands thematic range with cybersecurity UCITS ETF

  • Fintech
  • 28 January 2021
Digital switch must accelerate to meet demand: iPensions Group

  • Fintech
  • 15 January 2021
Back to Top

Most read

EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Global UHNWI population to grow by 27% over the next five years: Knight Frank
J.P. Morgan Asset Management launches Global Income Sustainable Fund
J.P. Morgan Asset Management launches Global Income Sustainable Fund
Comment: Four key issues powering the renewable energy revolution
Comment: Four key issues powering the renewable energy revolution
Amati Global Investors launches strategic metals fund
Amati Global Investors launches strategic metals fund
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading