UAE's Financial Transformation with Optional Pension Plan for Private and Free Zone Employees Applauded by Private Sector
Date
11/9/2023 7:07:41 AM
(MENAFN- Virtue mena) Abu Dhabi, UAE, 9 November 2023: Equevu is at the forefront of change alongside the recent government introduction of an optional workplace savings plan for private and free zone employees in the UAE.
This aligns seamlessly with the UAE's shift from traditional end-of-service gratuity schemes to optional workplace savings plans, thus empowering employees with diverse investment options said the first Emirati-developed workplace savings platform.
Equevu's mission focuses on cultivating consistent saving and investing over time, recognizing that financial freedom stems from prudent financial planning rather than solely earning more money.
In harmony with the newly introduced workplace savings plan, Equevu offers innovative technology powering the ecosystem, and granting employees control over their financial futures.
Hazem Abdel Rahman, CEO of Equevu said: “The UAE and the broader GCC region are making remarkable strides toward ambitious goals. Workplace savings solutions align with regional governments' objectives to attract and retain top talent globally, echoing the recent announcement to safeguard private sector employees' and free zone workers' savings.”
Equevu also underscores the pivotal role of technology in streamlining the transition to workplace savings plans. The platform simplifies administrative processes, aligning with the government's goals to secure workers' rights and provide financial stability.
As the UAE embraces mandatory workplace savings plans, Equevu emerges as a trusted partner, reshaping the Middle East's financial technology landscape. The company's dedication to pioneering financial well-being technology aligns with the government's efforts to enhance financial planning options for workers.
“Our focus is on facilitating a seamless transition for employers, employees, trustees and administrators,” he concluded.
Equevu's journey marks a significant chapter in the pursuit of financial empowerment, positioning the company as a transformative force in the Middle East's financial landscape.
As Equevu continues to lead the way in the financial technology transformation within the UAE, their dedication remains steadfast in promoting intuitive user experiences, establishing best-in-class information security infrastructure, and adhering to best practice governance plans.
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