UAE New Gratuity Investment Program to Enhance Employee Savings
Sukoon Workplace Savings Solutions Limited (SWSS), a subsidiary of Sukoon Insurance, has launched a newly designed capital-protected ‘Go Saver Employee Money Purchase Scheme,’ aimed specifically at companies and employees located in the Dubai International Financial Centre (DIFC).
This initiative marks the second savings plan for employees in this free zone, following the introduction of Dews. SWSS plans to broaden its services to mainland UAE and additional free zones in the near future.
With Sukoon’s Go Saver plan, employees can choose from a variety of investment options. The program includes:
- A fully capital-protected offering backed by Sukoon Insurance and Generali Global Pension
- A curated selection of independent funds, featuring Shariah-compliant options
- A diverse array of risk-adjusted portfolios crafted by Franklin Templeton, accommodating various risk preferences
Emmanuel Deschamps, chairman of SWSS, commented that this initiative “will offer a significant competitive edge” to its clients.
The Go Saver plan is now live and operates within a thorough framework that adheres to relevant regulations. In its capacity as plan administrator, SWSS has collaborated with CSC to provide trustee and operational services.