The UAE’s MOHRE is highlighting the benefits of Savings Scheme as an alternative end of service benefit investment. The UAE’s “Savings Scheme” is an alternative end of service benefit service that can help boost a worker’s post-retirement savings plans. The Ministry of Human Resources and Emiratisation (MoHRE) has conducted six workshops in the past two weeks to enhance awareness of the benefits offered by the “Savings Scheme”. The voluntary alternative end-of-service benefits system for private sector workers can help residents and citizens save for a more secure financial future. UAE Savings Scheme The MOHRE workshops have gone further towards explaining the mechanisms for registering in the system through savings funds approved by MoHRE and the Securities and Commodities Authority (SCA). Approximately 500 employers and representatives from various companies participated in the workshops, which MoHRE organised in collaboration with accredited savings funds, including Lunate Capital, First Abu Dhabi Bank, Daman Investments, and National Bonds Corporation. These financial institutions, with their strong reputation and extensive experience in managing investment funds, ensure the effective implementation of the Savings Scheme, providing reliable financial benefits and improving the financial well-being of employees. The Savings Scheme seeks to invest the funds allocated for employees’ end-of-service gratuity and grow […]