Pensions Monitor

Last week's big question was: Is the #UAE’s new #EOSB Savings scheme better or worse for #Employees? This week we consider the other part of the equation: Is the new EOSB Savings scheme better or worse for #Employers? Again, we asked an expert, Ruan van Rensburg, consulting actuary and founder of Lux Actuaries & Consultants. Here’s what he had to say: https://lnkd.in/dj_yXpZQ If you, dear Reader, have some interesting views, or thought-provoking takes on the newly emerging EOSB Savings market, then please do share your article by emailing us at info@pensionsmonitor.com. Ministry of Human Resources and Emiratisation Securities and Commodities Authority (SCA)   #EndOfService #FinancialPlanning #tax #finance #pension #markets #financialservices #future #management #insurance #HumanResources #EoSS #savings #startups #EOSB #socialmedia #funds #Compliance #PensionsMonitor #EmployeeBenefits #HR #EmployeeBenefits #Workplace

Are you working in the #UAE? Then today’s article is for you! The current #EOSB #gratuity scheme will soon be replaced by the new EOSB #savings scheme. The new scheme is very different, and your final payout will not be a known amount. So, is the new scheme better or worse for you? We asked an expert Ruan van Rensburg to answer this question and what this means for UAE employees, financially. Ruan is a consulting actuary and the founder of Lux Actuaries & Consultants. He has extensive global experience in the pensions and employee benefits industry and has been assisting several companies with complex financial decisions on EOSB. Read on and plan better for yourself: https://lnkd.in/df3gwWDz Have questions? Reach out to us at info@pensionsmonitor.com. We’d love your feedback! Did you find this article helpful? Share your thoughts or questions with us. Ministry of Human Resources and Emiratisation Securities and Commodities Authority (SCA)   #EndOfService #FinancialPlanning #tax #finance #pension #markets #financialservices #future #management #insurance #HumanResources #EoSS #savings #startups #EOSB #socialmedia #funds #Compliance #PensionsMonitor #EmployeeBenefits #HR #EmployeeBenefits #Workplace

Wishing everyone in the #UAE a Happy 53rd National Day! Today, let’s celebrate and remind ourselves of how this amazing country, that we are proud to call home, has reached incredible milestones. Here's to many more years of success and unity! #UAENationalDay #UAE53

Today, we celebrate the first anniversary of Cabinet Resolution 96! We’re a bit late, but here's our open letter that looks at its many achievements in the first year and shares our hopes and wishes for an even brighter, second year ahead. Happy birthday and best wishes!: https://lnkd.in/dUKCdzUk   We'd love to hear from you too, dear reader. What are your hopes and wishes for End-of-Service Benefits in the UAE? Share it with us in the #comments below or by email: info@pensionsmonitor.com Ministry of Human Resources and Emiratisation Securities and Commodities Authority (SCA) Daman Investments Lunate National Bonds First Abu Dhabi Bank (FAB) HAYAH Insurance Zurich Middle East Sukoon Insurance Apex Group Ltd Deutsche Bank DIFC Standard Chartered #EndOfService #FinancialPlanning #tax #finance #pension #markets #financialservices #future #management #insurance #HumanResources #EoSS #savings #startups #eosb #socialmedia #funds #Compliance #PensionsMonitor #EmployeeBenefits #HR #EmployeeBenefits

With #emiratisation targets rising every year for the private sector, #hr professionals are exploring ways to meet #recruitment needs while managing #costs. Retired #UAE nationals are an interesting option but the rules regarding #pension and #EOSB on re-entry of such individuals into the private sector workforce are not clear. In our latest article, Pensions Monitor provides clarity on this issue based on guidance from the relevant authorities: https://lnkd.in/dh5fkwQ2 We’d love your feedback! Did you find this article helpful? Share your thoughts or questions with us here: info@pensionsmonitor.com Today's question was raised by David van Lochem Ministry of Human Resources and Emiratisation Securities and Commodities Authority (SCA) Abu Dhabi Pension Fund General Pension and Social Security Authority (GPSSA) SSSD - Sharjah Social Services Department #EndOfService #FinancialPlanning #tax #finance #pension #markets #financialservices #future #management #insurance #HumanResources #EoSS #savings #startups #EOSB #socialmedia #funds #Compliance #PensionsMonitor #EmployeeBenefits #HR #EmployeeBenefits

HAYAH Insurance has announced a strategic partnership with global fintech additiv to offer innovative personalized add-ons with End-of-Service Benefits (#EOSB) for #UAE residents including retirement, savings and wealth management solutions. This partnership was unveiled at the inaugural #Jalsa event in #Dubai on 18 November, part of HAYAH's #educational meeting series for employers where the new digital capabilities were showcased including HAYAH’s #Pension #Calculator that UAE residents can freely use to assess their retirement readiness. Find the details of this strategic partnership in our latest post: https://lnkd.in/eNHxZ8Xg Sign up for our newsletter for the latest updates on this developing market! Have questions? Reach us at info@pensionsmonitor.com Mohamed Seghir, Adil SAGHIR, Nigel Sillitoe, Nils Frowein, Niraj Naetsawan Ministry of Human Resources and Emiratisation Securities and Commodities Authority (SCA) #EndOfService #FinancialPlanning #tax #finance #pension #markets #financialservices #future #management #insurance #HumanResources #EoSS #savings #startups #EOSB #socialmedia #funds #Compliance #PensionsMonitor #EmployeeBenefits #HR #EmployeeBenefits

May this Diwali light up new dreams, fresh hopes, brighter paths and financial security for you and your loved ones.

Spooky season is here, so we're shining a light on the "nightmare" scenarios that could haunt #HR teams dealing with the new End-of-Service Benefits (#EOSB) Scheme. Imagine: A buggy admin software? Employee claims piling up faster than candy! Competing funds outperform yours? HR becomes the office villain. Employees going all-in on high-risk funds? Yikes... nightmares all around! Not to worry – Pensions Monitor has some tricks (and treats!) to help you stay prepared: https://lnkd.in/dwjipR75 Ready to face your fears? Subscribe to our newsletters to stay updated on all things related to the EOSB Savings scheme. #EndOfService #FinancialPlanning #tax #finance #pension #markets #financialservices #future #management #insurance #HumanResources #EoSS #savings #startups #EOSB #socialmedia #funds #Compliance #PensionsMonitor #EmployeeBenefits #HR #EmployeeBenefits

A recent survey by Zurich Insurance reveals critical gaps between the benefits employers offer and what employees truly want. Despite a strong consensus that employee benefits are key to loyalty, many companies are investing in initiatives that do not resonate with their workforce, leading to wasted resources. - What is driving the shift in employee expectations? - What benefits are most wanted by employees today? - How can companies deliver these benefits? The survey answers these critical questions based on feedback from 2,000 employers and 2,000 employees across the #uae, #ksa, #qatar, and #oman and also features expert opinions from Devung Mahajan, Ronak Shah, Claudia Maldonado, Ted Raffoul, Paul Colley FCIPD, Lea Farhat, Nina Plotnikova. This is a must read for every #HR professional to understand the evolving needs of today’s diverse workforce. The report and our view: https://lnkd.in/dmskHxnX Rob Brown, Wilson Varghese Melwyn Abraham Ministry of Human Resources and Emiratisation Securities and Commodities Authority (SCA) Daman Investments Lunate National Bonds First Abu Dhabi Bank (FAB) #EndOfService #FinancialPlanning #tax #finance #pension #markets #financialservices #future #management #insurance #HumanResources #EoSS #savings #startups #eosb #socialmedia #funds #Compliance #PensionsMonitor #EmployeeBenefits #HR #EmployeeBenefits

#newsflash: First Abu Dhabi Bank (FAB) appoints Deutsche Bank as custodian and Apex Group Ltd as fund administrator and transfer agent for its End-of-Service Benefits (#eosb) Savings plan, as revealed in its recently published FAQs. The FAQs also divulge interesting details regarding FAB’s capital protection mechanism for the two guaranteed funds, which is described as "limited". More details in our latest post: https://lnkd.in/dArs7r2Y Pensions Monitor will analyse the capital protection mechanisms of the other fund managers in our forthcoming articles. Subscribe to our newsletter for valuable insights straight to your inbox! Have questions? Reach out to us at info@pensionsmonitor.com Ministry of Human Resources and Emiratisation Securities and Commodities Authority (SCA) Daman Investments Lunate National Bonds   #EndOfService #FinancialPlanning #tax #finance #pension #markets #financialservices #future #management #insurance #HumanResources #EoSS #savings #startups #EOSB #socialmedia #funds #Compliance #PensionsMonitor #EmployeeBenefits #HR #EmployeeBenefits