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Uncovering the true cost of a Regular Savings Plan with Saved

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Uncovering the true cost of a Regular Savings Plan with Saved

September 18
03:27 2022
Helping the everyday expat avoid the most common mistake when it comes to insurance and savings

Rampant inflation, low economic growth, rising interest rates. All concerns for the everyday saver or investor, But being an Expat presents its own unique and additional challenges. For many the initial lure of working abroad is financial as it is much lifestyle, but one of the biggest considerations is your ability to save extra income (especially if received tax free as is the case across the middle east) and in the case of UK nationals, giving up your employer pension, government pension and access to the NHS.

Hence, it is especially important that one is able to set aside a portion of their earnings and have a strategy in place to make this grow (enough to make up the lack of a pension and other benefits mentioned above)

With zero fees up front, offering attractive bonuses and returns, hundreds of thousands of Expats are easily attracted to save through Regular Savings Plans, also known as Unit Linked Insurance Policies, or Contractual Savings Plans. But these financial products often come with undisclosed fees and hidden costs, which unfortunately limits how much your money can really grow. Over a 25year term the average customer can pay over $140,000 in fees.

With ripe mistrust across the industry as a whole and weaker regulation than perhaps an Expats home country, Josh and Dan, partners at GSB Capital based in DIFC, started working on making their calculator publicly available for anyone who was sold Regular Savings Plans to use independently via their Saved website. This way, it would be easier for their clients to track whether or not they are subscribed to a cost efficient plan and whether or not this is suitable. As part of their commitment to improve the industries transparency, Josh and Dan offer free explainer meetings to anyone who uses their calculator.

For more information about Saved, visit their website at https://saved.ae/.

About Saved

Saved is an independent and free to use resource to help expats uncover the true cost of their Regular Savings Plan, focused on supporting clients across the Middle East and Asia.

Media Contact
Company Name: Saved
Contact Person: Joshua Nash – Chartered MCSI
Email: Send Email
City: Dubai
Country: United Arab Emirates
Website: https://saved.ae/