Dubai International Financial Centre (DIFC) reported that its DIFC Employee Workplace Savings (DEWS) scheme has exceeded USD 1bn in assets under administration (AuA), with more than USD 340mn also paid out to savers. Launched in February 2020, DEWS replaced the traditional gratuity approach with a fully funded, professionally managed workplace savings plan for end-of-service benefits. Participation has expanded across the DIFC community and to expatriates in 61 Government of Dubai entities, with 2,726 employers enrolled and 74,323 individuals registered. Equiom serves as master trustee, Zurich Workplace Solutions (Middle East) is the plan administrator, and Mercer manages the underlying funds.
Dubai International Financial Centre 2025-10-08
Dubai International Financial Centre announces DEWS workplace savings scheme surpasses USD 1bn in assets under administration
The Dubai International Financial Centre (DIFC) announced its DIFC Employee Workplace Savings (DEWS) scheme has surpassed USD 1 billion in assets, with over USD 340 million paid to savers. Launched in February 2020, DEWS replaced the traditional gratuity system with a fully funded workplace savings plan for end-of-service benefits. The scheme includes 2,726 employers and 74,323 individuals, with Equiom as master trustee, Zurich Workplace Solutions (Middle East) as plan administrator, and Mercer managing the funds.