Pension scheme transfers
I received a suggestion from a colleague to transfer my pension after have left the company.
Reason being that any transfers back to Dubai incur a 1% fee in addition to the forex charges from your fund currency to dirhams and again to whatever currency you have in your transfer account.
As it turns out it's been a month of emails and telephone calls to the managing company in the Isle of Man with very slow progress. Apparently once you have left the premises, the Know Your Client rules kick in and you have to start from scratch.
Better to transfer direct to your home country while still an employee, methinks.
CK