UAE’s first pension scheme for expats

88.5% of UAE’s 8.2m population are expatriates

According to a report in Emirates247.com, NBAD Trust Company (Jersey) Limited, the wholly-owned subsidiary of the National Bank of Abu Dhabi (NBAD), has launched Wealth Builder Plan, a corporate trust solution that allows employers to offer their expatriates staff greater rewards through corporate savings and pension schemes.

Wealth Builder Plan, the first pension scheme for expatriates by a UAE bank, has been specifically designed for domestic and multi-national companies that employ expatriates and seek to increase their return on human resources investment by attracting, rewarding and retaining talent.

It is essentially a packaged corporate structure underpinned by a range of investment fund options that employees can choose based on their risk appetite. The schemes are tailored for each client, and regular investments can be made solely by the company or by both employer and employee.

The new service that would dramatically improve UAE as a place to live and work.

About the author

Kazim Ladimeji is the Director of thecareercafe.co.uk—a resource for start-ups, small business and job seekers. It includes a blog with career and small business advice articles. Kazim is a Chartered Member of the Chartered Institute of Personnel and Development, and has been a practising HR professional for 14 years.

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