Archive: 15/11/2019

DIFC Employee Workplace Savings Plan (DEWS)

The Dubai International Finance Centre Authority (DIFCA) is introducing a new mandatory defined contribution savings plan, the DIFC Employee Workplace Savings (DEWS) plan to replace the current end of service gratuity scheme. Further consultation has been encouraged by the DIFC as there is still some further clarity required with regard to approved alternative arrangements. Boal & Co, as an independent...