By Yara Abi Farraj
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UAE’s pension authority, ADGMA forge agreement to boost financial literacy among Emiratis

Agreement supports the UAE’s efforts to enhance financial awareness amongst Emiratis in federal, government and private sector entities
UAE’s pension authority, ADGMA forge agreement to boost financial literacy among Emiratis
ADGMA and GPSSA's agreement also bolsters national efforts by government authorities to implement better social protection schemes for Emiratis

The UAE’s General Pension and Social Security Authority (GPSSA) and the Abu Dhabi Global Market Academy (ADGMA) have recently signed a memorandum of understanding (MoU) that aims to enhance financial literacy among insured Emiratis and promote proactive financial planning for a secure and sustainable lifestyle.

For its part, ADGMA will provide financial planning advice to GPSSA’s stakeholders, including achieving optimal investment and asset-revenue opportunities in line with the authority’s proactive financial planning regulations.

The agreement supports the UAE’s efforts to enhance financial awareness amongst Emiratis in federal, government and private sector entities. In addition, it emphasizes the importance of money management, proactive planning and investment benefits which support the UAE government’s mission to reach global competitiveness in all sectors.

“It is vital that we continue to equip our human capital with the necessary skills and knowledge needed, especially with the heightened roles of communication and information exchanged in the world these days,” stated Faras Al Ramahi, GPSSA’s director general.

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ADGMA and GPSSA’s agreement also bolsters national efforts by government authorities to implement better social protection schemes for Emiratis by encouraging insured employees to learn more about high-level insurance schemes from the GPSSA.

For his part, Hamad Sayah Al Mazrouei, Chairman of the ADGMA Board of Directors, said: “We at ADGMA plan to provide training programs that strengthen knowledge and skills amongst Emirati employees in the fields of finance, business, banking, and investments to build a financially secure knowledge-based economy.”

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