The General Authority for Pensions and Social Security announced that 6,310 insured citizens have joined the 'Wafra' program for proactive financial planning since its launch at the end of July 2024 through the 'Jazeel' and 'Nafis' platforms. The 'Wafra' project is one of the transformative initiatives of federal government entities for the years 2024-2025, aiming to enhance the culture of saving and early investment among citizens, support their financial stability, and enable them to make informed decisions to improve their retirement future. This aligns with the 'We the UAE 2031' vision, which aims to build the most prosperous community. The program is designed to raise awareness among pension system members about saving and investing through a sustainable learning journey developed by experts, which equips trainees with the knowledge to manage their financial affairs and encourages them to adopt sound financial practices to achieve economic and social stability for themselves and their families after retirement. The program is divided into two phases: a foundational phase that focuses on the individual's financial life cycle, basic terminology, money and debt management, and the importance of financial consultation; and an advanced phase that covers pension laws, investment and wealth management options, and financial planning to meet future needs after retirement. The Authority called on insured citizens to benefit from the 'Wafra' project by joining it through the 'Jazeel' and 'Nafis' platforms.
