Smart Snap: Retirement realities in the Gulf

Reforming the Gulf’s retirement saving systems – technology is the solution

By

Smart

3/9/2024

At Smart, we believe everyone deserves a reliable retirement income. That’s why we’ve developed technology to simplify workplace retirement saving, which is now shaping the future of retirement provision in the Middle East.

Smart has been active in the region since 2019, and our recent survey of over 1,500 savers in Saudi Arabia, Qatar, and the UAE reveals key insights. 

For example, 84% of respondents said employer benefits played a part in their decision to move to the Gulf. Additionally, there’s a significant gap in the current retirement provision model, with many saying it doesn’t fully meet their needs.

Read more and download the full report here

With a large and growing population across the region, there’s a clear demand for improved retirement funding in the Middle East.

Watch our Smart Snap below.

FOOTNOTES
CONTRIBUTORS

Smart Snap: Retirement realities in the Gulf

Reforming the Gulf’s retirement saving systems – technology is the solution

At Smart, we believe everyone deserves a reliable retirement income. That’s why we’ve developed technology to simplify workplace retirement saving, which is now shaping the future of retirement provision in the Middle East.

Smart has been active in the region since 2019, and our recent survey of over 1,500 savers in Saudi Arabia, Qatar, and the UAE reveals key insights. 

For example, 84% of respondents said employer benefits played a part in their decision to move to the Gulf. Additionally, there’s a significant gap in the current retirement provision model, with many saying it doesn’t fully meet their needs.

Read more and download the full report here

With a large and growing population across the region, there’s a clear demand for improved retirement funding in the Middle East.

Watch our Smart Snap below.

About Smart

Smart is a global savings and investments technology platform provider. Its mission is to transform retirement, savings and financial wellbeing, across all generations, around the world.

Smart launched in 2015, its technology platform – Keystone – serves the needs of retirement savers globally. Keystone is specifically designed to help governments and financial institutions (including insurers, asset managers, banks and financial advisers) deliver retirement savings and income solutions that are digital, bespoke and cost-efficient. In addition to the UK, Smart is operating in the US, Europe, Middle East and Asia, with more than a million savers entrusting over £15 billion in assets on its Keystone platform.

Aquiline, Barclays, Chrysalis Investments, DWS Group, Fidelity International Strategic Ventures, J.P. Morgan, Legal & General, MUFG and Natixis Investment Managers are all investors in Smart.

For media enquiries

Email: pressoffice@smart.co