MoU signed between the GPSSA and ADGMA to strengthen financial literacy amongst Emiratis
Abu Dhabi, 25 July 2024: The General Pension and Social Security Authority (GPSSA) and the Abu Dhabi Global Market Academy (ADGMA) have signed a Memorandum of Understanding (MoU) that targets insured Emiratis to fully understand the importance of proactive financial planning in order to enjoy a sustainable and secure lifestyle.
According to the agreement, ADGMA will provide financial planning advice to GPSSA’s stakeholders, who will learn more about achieving optimal investment and asset-revenue opportunities in alignment with GPSSA’s proactive financial planning regulations.
His Excellency Faras Al Ramahi, GPSSA’s Director General, explained that the agreement supports the nation’s efforts in enhancing financial awareness amongst Emiratis employed in federal, government and private sector entities, with emphasis on money management, proactive planning and investment benefits. “The agreement has been signed to support the UAE government’s mission to reach global competitiveness in all areas, with emphasis on financial literacy amongst citizens. It is vital that we continue to equip our human capital with the necessary skills and knowledge needed, especially with the heightened roles of communication and information exchanged in the world these days.”
Hamad Sayah Al Mazrouei, Chairman of the ADGMA Board of Directors said, “Signing this strategic agreement represents national efforts by government authorities to implement enhanced social protection schemes for Emiratis by encouraging insured employees to learn more about high-level insurance schemes provided by the GPSSA. We at ADGMA plan to provide training programs that strengthen knowledge and skills amongst Emirati employees in the fields of finance, business, banking and investments to build a financially secure knowledge-based economy.”
