UAE unveils 'three investment option' private sector scheme to replace end of service regime

Mark Battersby
clock • 1 min read

The UAE Cabinet has announced a new voluntary retirement benefits system for employees in the private sector and free zones to be overseen by the Securities and Commodities Authority in partnership with the Ministry of Human Resources and Emiratisation. Sheikh Mohammed, who led the cabinet meeting said in a statement on 4 September that the voluntary initiative would include the establishment of savings and investment funds from the private sector with the aim to "protect workers' savings and ensure they were invested safely". He added that through these funds, employees could invest ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?