Dubai Launches Secure Employee Investment Scheme
New Severance Investment Program to Boost Employee Savings
Dubai continuously creates new opportunities for employees to manage their future finances more effectively. Within the Dubai International Financial Centre (DIFC), a new, capital-protected savings and investment program called the Go Saver Employee Money Purchase Scheme has been launched, created by Sukoon Workplace Savings Solutions Limited (SWSS), a subsidiary of Sukoon Insurance.
This is the second savings scheme for DIFC employees that focuses on managing and enhancing end-of-service benefits (EOSB). The first such program was Dews, introduced by DIFC a few years ago.
Details of the Go Saver Program
The Go Saver program aims to provide a secure, long-term financial solution for employers and employees. Employees can choose from a range of investment options, including:
a, Capital-protected options: Offered by Sukoon Insurance and Generali Global Pension.
b, Independent investment funds: A variety of fund managers offering investment options compliant with Shariah law.
c, Risk-based portfolios: Investments offered by Franklin Templeton containing options for different risk levels.
According to the president of Sukoon Workplace Savings Solutions Limited, the Go Saver program "provides a competitive edge for both employees and companies."
Why Choose Go Saver?
The Go Saver program is not just a simple severance system; it is a savings and investment solution that provides long-term financial security to employees.
1, Security: The capital-protected option ensures employees' invested amounts do not diminish, even in a changing market environment.
2, Diverse investment options: Various funds and portfolios allow everyone to find the risk level that suits them.
3, Shariah compliance: The availability of investments adhering to Islamic financial regulations is an important consideration for many residents in the UAE.
4, Comprehensive regulations: The program fully complies with DIFC regulations and international investment standards.
Availability and Future Plans
The Go Saver is currently available exclusively to companies operating in the DIFC, but SWSS plans to extend the program to mainland UAE and other free trade zone employees soon.
The program's operations are supported by the company CSC, providing custodial and operator services for the investment system.
Summary
The new Go Saver savings and investment program available at the Dubai International Financial Centre offers an innovative opportunity for employees to transform their severance into a long-term financial asset. With various investment options, capital-protected choices, and Shariah-compliant investments, employees can confidently plan their future.
Dubai's continuously evolving financial sector and employee welfare measures clearly show the emirate's long-term commitment to innovative, competitive, and sustainable economic solutions.
