Bahrainis working in the private sector could soon be eligible for a one-off payment from the Pension Fund Authority (PFA) if they complete just five years of service and then quit.
Currently, employees are required to work for 15
Britain published new rules for private pensions on Monday which give retirees greater freedom to spend their savings as they like, fleshing out reforms announced earlier this year that shook the share value of British insurers.
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.
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
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
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
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
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.
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