Many organisations across UAE have already enrolled in the Golden Pension Plan, National Bonds said. Image Credit: Shutterstock

Dubai: A majority of employees in the UAE are open to employers investing their end-of-service benefits, a survey said on Wednesday.

According to the 12th edition of the National Bonds Savings Index, 82 per cent employees are confident of the company’s investment solutions and are keen on their employers helping their capital grow while keeping it safe.

“This insight strongly aligns with National Bonds’ strategic objective of introducing new saving solutions that cater to different segments of the population. In line with the growing demand for such solutions, and with the aim to help nationals and residents in the UAE kick start their retirement saving plan, National Bonds launched the ‘Golden Pension Plan’,” the company said.

Many organisations across UAE have already enrolled in the Golden Pension Plan, National Bonds added.

According to the index, 76 per cent of participants are thinking about saving and investing in the UAE, particularly young individuals aged (21-29), both Emirati and Arab expats, and more than a third of respondents are looking forward towards retiring in the UAE.

Mohammed Qasim Al Ali, Group CEO of National Bonds, said: “National Bonds continues to innovate with new programs such as introducing customized plans to the different segments of the population. These plans are aimed to help individuals and corporates to invest in their future and support corporates with employee retention strategies.”

The report also reveals that 68 per cent of those who have not saved yet, plan to save soon, mostly within the next six months to a year. Additionally, 52 per cent of respondents, express their intention to increase investments in financial products within the next two years, affirming the importance of National Bonds efforts to provide suitable saving and investment solutions.

National Bonds reported an investment portfolio of Dh13.7 billion in 2022, higher by 15 per cent compared to the previous year.

The company recently tied up with the Ports, Customs and Free Zone Corporation and the Emirates General Petroleum corporation (Emarat) to provide their employees with innovative savings and investment solutions.

In June, National Bonds announced its acquisition of an additional 5 per cent stake in Taaleem Holding Group, making it the largest shareholder with a 22 per cent stake.