End of Service Gratuity & Savings Plans
ZEDRA understands the challenges faced by companies with employees in the GCC. There is increasing competition for recruiting and retaining talent – alongside considering mandatory Savings Plan participation is the requirement to manage End of Service Benefits (“EOSB”) liabilities.
Solutions that meet these varied requirements in a cost effective and flexible manner are more important than ever.
ZEDRA can provide solutions combining trust, administration and investment options or on a standalone basis as you require.
- Trust Services
- Funds are received, invested and held in trust through a single or master trust arrangement
- Administration services
- Facilitated through our administration platform and serviced by your dedicated team
- The administration platform provides seamless administration of your plans and full portal access for all members of your plans:
- 24/7 access to contribution amounts
- View all plan and scheme documentation
- Fund selection and switching tool – ability to host any listed or unlisted fund
- Market values for fund
- Providing member communications including receipt of member complaints
- Provides restricted access to employer / service providers to scheme
- Investment solutions
- Zedra Fiduciary Investment Services team (“ZFIS”) assists the trustees working together with a company and any supervisory body to provide independent investment or fund manager selection in a completely impartial manner and provides robust ongoing monitoring and performance services.