Tuesday 2 March 2021

More than 19,000 DIFC employees sign up for new savings scheme in one year | The National

More than 19,000 DIFC employees sign up for new savings scheme in one year | The National

The Dubai International Financial Centre's workplace savings scheme has signed up 19,182 employees from 1,187 companies since it was launched a year ago.

The DIFC Employee Workplace Savings (Dews) plan built up more than $127 million worth of assets under management as of February 1, 2021, the free zone said on Tuesday.

The Dews plan, launched in February 2020 for DIFC-based employees, restructured the gratuity benefit scheme and requires employers in the free zone to make monthly contributions to a professionally managed investment scheme.

A substantial number of employees have also chosen to make additional voluntary contributions to the Dews plan, the statement added.

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