October 2022

First-of-its-kind Golden Pension Scheme launched in UAE

By Gulf Today, Staff Reporter National Bonds, the UAE’s leading Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, has launched the first-of-its-kind Golden Pension Scheme in the UAE in a move to ramp up its suite of financial planning solutions for nationals and residents. Developed in line with increasing demand from employers and employees, the unique initiative aims to help corporates registered with National Bonds support their employees’ financial goals. The scheme, which is targeted towards 89 per...

July 2021

US. Biden’s Pension Rescue Seen as Bigger Help for Corporate Bonds

U.S. President Joe Biden’s planned pension rescue could result in even more money being shunted into investment-grade corporate bonds than previously thought, according to Citigroup Inc. strategists. The Pension Benefit Guaranty Corp., which insures pensions, issued rules on Friday for bailout money for multi-employer plans that are severely underfunded. These plans can apply for rescue funds as part of the $1.9 trillion pandemic-relief bill signed into law in March. The PBGC said that the pensions are eligible for $94 billion of...