General Pension and Social Security Authority launches the Advanced System for Proactive Financial Planning - Wafra

General Pension and Social Security Authority launches the "Advanced System for Proactive Financial Planning - "Wafra”

The "Advanced System for Proactive Financial Planning," or "Wafra," has been introduced by the General Pension and Social Security Authority (GPSSA) as a component of its second cycle of transformative projects. Through training sessions, seminars, and public awareness initiatives centered around proactive financial planning, saving, and early investment, this initiative seeks to increase financial literacy among individuals protected by pension rules. 

The project aims to cultivate a culture of proactive savings among pension law members through training programs and workshops that encourage financial independence beyond dependency on pensions.

The UAE government's dedication to transformative projects is consistent with its goal of implementing cutting-edge governing frameworks that boost the competitiveness of the country. By utilizing cutting-edge technology and clever alliances, these ventures seek to have a major impact on a number of different areas. 

In order to help government agencies better serve the UAE community and give people more power, transformational projects emphasize proactive performance and make use of accelerated technology. This helps the country achieve its aim of becoming a developed hub for culture and social interaction. 

By means of partnerships with the Jahez platform and the Abu Dhabi Global Market Academy, "Wafra" will offer interactive master classes and workshops on financial awareness. Enhancing global competitiveness and preparing government talent for the future are the goals of these initiatives.

By providing training to over 10,000 insured individuals—including new contributors, long-term employees, and recent college graduates joining the workforce—Wafra hopes to increase understanding of financial planning by 60%. The intention is to provide citizens with the necessary tools to handle their money. 

The Federal Authority for Government Human Resources, business owners, media, higher education institutions, and the Ministry of Human Resources and Emiratization all support the project, which promotes best practices for financial stability. 

Wafra was introduced in three stages, starting in November 2023 with focused financial planning initiatives. Initiatives to raise knowledge about investments and savings were launched in January 2024, in collaboration with the appropriate authorities.