The recent government introduction of an optional workplace savings plan for private and free zone employees in the UAE is a step in the right direction, said Equevu, a technology firm focused on workplace and savings systems.

 

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, recognising that financial freedom stems from prudent financial planning rather than solely earning more money. 

 

Innovative technology

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. 

 

“Our focus is on facilitating a seamless transition for employers, employees, trustees and administrators,” he concluded.--TradeArabia News Service