The Pensioneer Trustee Company (Guernsey) Limited

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Why UAE employees need a proper retirement scheme

March 19, 2019

The UAE is in a peculiar situation when it comes to employees' end of service and retirement benefits, mainly because around 90 per cent of its workforce are expatriates, who will only stay in the country for a certain period of time.

Analysts also say that companies are not obligated to set aside funding for end-of-service benefits (EOSB), which are often paid off the balance sheet and this practice exposes the employees to the bankruptcy of businesses.

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The Pensioneer Trustee Company (Guernsey) Limited
Ground Floor, 10 Lefebvre Street
St Peter Port, Guernsey
Channel Islands GY1 2PE

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Regulatory Information

The Pensioneer Trustee Company (Guernsey) Limited is licensed by the Guernsey Financial Services Commission under The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000 and subject to The Pension Licensees (Conduct of Business) & Domestic and International Pension Scheme and Gratuity Scheme Rules (No.2) 2017.