The General Pension and Social Security Authority (GPSSA) and “Zoud,” the national initiative for sustainability and financial well-being, have announced the expansion of their collaboration in financial literacy and proactive financial planning. This partnership introduces the “Step to Balance” financial consultation programme, aimed at empowering citizens to enhance their financial resilience and readiness for retirement.
Supporting National Priorities and Vision 2031
This initiative is part of the fourth cycle of transformative projects endorsed by federal government entities, aligning with national priorities that aim to bolster the UAE’s future preparedness and global competitiveness. The programme embodies the goals of the “We Are the UAE 2031” vision to create a more prosperous society by enhancing citizens’ quality of life, fostering a culture of independence and financial self-reliance, and supporting sustainable economic well-being for individuals.
Free Financial Consultations
The “Step to Balance” programme offers registered retirees and policyholders the opportunity to engage in individual financial consultation sessions provided by qualified financial advisors. The programme seeks to assist participants in comprehensively understanding and managing their financial situations, tackling financial challenges, and promoting savings practices. It will also focus on developing practical solutions for managing debts and financial obligations, thereby supporting their long-term financial stability.
Empowering Citizens for Financial Independence
Firas Abdul Karim Al Ramahi, Director-General of the GPSSA, stated, “We are committed to enabling citizens to plan early for their financial and retirement futures, as we believe financial stability is essential for enhancing the quality of life for individuals and their families. Our strategic partnership with ‘Zoud’ reflects this approach by transforming financial awareness into practical support that helps policyholders and retirees manage their finances and make more informed and sustainable decisions.”
Commitment to Flexible Financial Solutions
Muhanna Obaid Al-Muhairi, Chairman of “Zoud,” expressed, “Our partnership with the GPSSA embodies our shared commitment to delivering innovative and practical solutions that contribute to enhancing community financial resilience and well-being. Through the ‘Step to Balance’ programme, we aim to empower retirees and policyholders to manage their financial futures confidently, through tailored guidance and consultations that support their long-term financial stability and welfare.”
Accessible Financial Resources
Participants in the programme will receive four to six free financial consultation sessions over several months, tailored to meet their individual needs. They will also gain access to a specialised digital platform that allows them to track their progress and utilise educational resources while implementing their financial plans. All sessions will adhere to the highest standards of confidentiality and privacy, ensuring that participants can discuss their financial situations confidently and receive personalized advice in a secure and trusted environment.
Encouraging Early Retirement Planning
This programme underscores the shared commitment of the GPSSA and “Zoud” to enhance financial awareness and promote early retirement planning, equipping policyholders and retirees with the necessary knowledge and support to make informed financial decisions and achieve greater financial stability for themselves and their families.
How to Enrol
The launch of this initiative is part of the GPSSA’s ongoing efforts to enhance financial literacy and retirement readiness among the citizens covered under its umbrella. Limited spots are available for the “Step to Balance” programme, and the GPSSA and “Zoud” encourage retirees and policyholders to register promptly through the “Zoud” platform using digital identification.