Almost half of UAE residents plan to retire at 55 but have no savings towards it

Mark Battersby
clock • 2 min read

A huge gulf in expectations and reality over retirement goals has been exposed in an exclusive survey by Friends Provident International (FPI) of 1,000 individuals in the UAE.  While almost half (44%) of respondents expect to retire by the time they are 55 years old, and nearly two-thirds (63%) before they reach 60, around 45% haven't even started saving for retirement yet. A further 11% declined to say. Further, for those individuals who do have some savings, over half (53%) say these are in the form of general bank deposits. There is also an expectation among many respondents tha...

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