DIFC set to appoint service providers for new gratuity scheme next month | ZAWYA MENA Edition:
The Dubai International Financial Centre (DIFC) is looking to appoint services providers for its reformed end-of-service gratuity scheme by the end of July as it pushes ahead to put measures into effect by the first quarter of next year.
The planned DIFC Employee Workplace Savings (DEWS) Trust is a funded, trust-based savings scheme set to replace the existing end-of-service gratuity system.
“We have initiated competitive bidding (RFP) process to appoint the services providers to the scheme, such as the Master Trustee, the Administrator and Investment Advisor,” Jacques Visser, chief legal officer at DIFC Authority, told Zawya in a telephone interview.
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