Sunday 13 July 2014
 
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Pension

IBB accredits new shariah-compliant pension scheme

Islamic Bank of Britain (IBB) has accredited the ‘Islamic Pension Trust,’ a new fully shariah-compliant auto-enrolment pension scheme.   The scheme was developed by Carey Pensions UK, with guidance fr

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Bahrain's Takaud eyeing major Mena push

Bahrain-based Takaud, the Middle East and North Africa's (Mena) first specialist savings and pensions solutions provider, plans to have a presence across the region over the next seven years, said a top company official. "

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UAE Exchange plans pension scheme for expats

The UAE Exchange has joined hands with Alankit Assignments, a leading financial and health care service player in India, to offer pension and life insurance schemes for Indian expatriates. As per the agreement, UAE Exchange will b

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Bahrain approves amendments to pension board

Urgent amendments to the Pension Fund Authority's board set up were approved by the Shura Council in Bahrain.   The General Federation of Bahrain Trade Unions (GFBTU) will no longer be the only unionist body

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New pension plan for GCC security forces

GCC security forces, including policemen and military personnel, will be allowed to add years of service to their pensions even if they work abroad. It means officers can request serving in police or military establishments of oth

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Bahrain private sector pension hike proposed

Retirees from Bahrain's private sector could receive an annual three per cent increase in their pensions if a parliamentary proposal is implemented. If approved by the Cabinet, it will bring them in line with government sector

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Bahrain Shura blocks early retirement plan

A plan to allow civil servants to retire before 45 with minimal effect on their pension has been blocked by Bahrain’s Shura Council, which heard it was too expensive and could potentially lead to a shortage in government employees.

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India passes pension bill, investors wary

India's lower house of parliament approved changes aimed at luring foreign asset managers to run retirement funds, a small victory in government efforts to rescue the economy before elections next year. Wednesday's vote wi

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Bahrain confirms revised pay rise lists

Bahrain has finalised lists of pensioners eligible for the newly-introduced pay rises, following directives from the Prime Minister. Those with pensions below BD700 will get a monthly rise of BD75 and those with salaries between B

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Bahrain puts allowance hikes on fast track

Pension rises and anti-inflation allowances declared in Bahrain will be fast-tracked once the budget law has been passed, according to directives issued by HRH Prime Minister Prince Khalifa bin Salman Al Khalifa. The Premier gave

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