BlackRock Says 90% of UAE Workers Would Join Workplace Retirement Schemes
Updated
Updated · TradingView · Jun 11
BlackRock Says 90% of UAE Workers Would Join Workplace Retirement Schemes
1 articles · Updated · TradingView · Jun 11
Summary
More than 90% of UAE nationals and expatriates find defined-contribution workplace savings plans appealing, and 90% of nationals and 86% of expats say they would participate if such schemes were offered.
The report says demand is rising because current retirement preparation is fragmented: 75% say they have started preparing, but only 24% contribute to a pension or long-term savings plan and 32% do not know how much to save.
Preparedness is uneven across the workforce, with 67% of UAE nationals saying they feel ready for retirement versus 46% of expatriates, while only 6% expect workplace schemes to be their main retirement income source.
BlackRock argues stronger employer-backed savings systems could redirect household wealth now parked in cash, gold and property into long-term investment pools, deepening UAE capital markets and supporting economic growth.
Billions are now flowing into UAE pensions. Are workers being guided to real growth or just higher-risk assets?
Are the UAE's new retirement plans creating a permanent expatriate community for the first time?
Bridging the Retirement Gap: Why 90% of UAE Employees Want Modern Workplace Savings Schemes—But Few Have Access
Overview
The UAE’s retirement system is diverse, combining public pension schemes for nationals, end-of-service benefits for expatriates, and additional voluntary and employer-sponsored savings options. Despite a strong demand for structured retirement savings, there is a clear gap between what employees expect and what is currently available, mainly due to reliance on traditional end-of-service gratuity. Barriers such as limited scheme adoption and knowledge gaps hinder progress, but the landscape is evolving as both employees and employers seek more transparent, flexible, and professionally managed retirement solutions to secure financial futures and support economic growth.