The General Pension and Social Security Authority (GPSSA) announced that 6,310 insured Emirati employees have enrolled in the “Wafra” Proactive Financial Planning Programme since its launch in late July 2024.
As part of the federal government’s transformational initiatives for 2024–2025, the Wafra initiative aims to promote a culture of early saving and investment among Emiratis. It supports financial stability and empowers individuals to make informed decisions to enhance their retirement planning, in line with the “We the UAE 2031” vision for a more prosperous society.
Developed by GPSSA in collaboration with the Federal Authority for Government Human Resources’ “Jahiz” digital platform, the Emirati Talent Competitiveness Council’s “Nafis” platform, and the Abu Dhabi Global Market Academy, the programme was designed to build financial awareness and planning skills.
The Wafra programme offers a structured learning journey, developed by experts, to educate participants on saving, investing, and financial management. It provides them with the necessary knowledge and tools to make sound financial decisions, ensuring long-term economic and social stability for themselves and their families after retirement.
The programme consists of two stages: a Foundation Stage, which covers personal financial life cycles, financial terminology, money and debt management, and the importance of professional advice; and an Advanced Stage, which focuses on pension laws, investment strategies, wealth management, and post-retirement planning.
The GPSSA encourages all insured Emiratis to benefit from the Wafra programme by registering through the “Jahiz” and “Nafis” platforms.
(Inputs from WAM)
