UAE news: DEWS goes live in January 2020

The Dubai International Financial Centre Authority has confirmed its intent to launch the DIFC Employee Workplace Savings Scheme (DEWS) at the beginning of 2020. The new approach supports DIFC’s vision to

…drive the future of finance in the region by reforming the end-of-service benefit arrangement to align with global retirement savings standards.

Affected employers must participate in DEWS from 1 January 2020, unless they have already enrolled in an alternative “qualifying scheme” that has been approved by the DIFCA.

FAQs of employer obligations can be found at Dubai International Financial Centre Authority.

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