APS Bank extends retirement product portfolio
APS Bank is collaborating with MAPFRE MSV Life plc to distribute their Personal Pension Plans enhancing the Bank’s range of retirement products regarding pensions in Malta.
The MAPFRE MSV Life plc Personal Pension Plans, namely the Personal Pension Plan (With Profits) and the Personal Pension Plan (Unit Linked), offer various benefits and allow individuals to make changes to suit their circumstances over time, offering the option to modify the amount of savings made, take payment breaks , and make one-off top-ups.
“Having a consistent and substantial income after retirement is something everyone wants. Investing in a Personal Pension Plan simply means taking control of that outcome by starting to save now, rather than putting off this life-changing decision and relying on chance”, commented Anthony Buttigieg, APS Bank’s Head of Banking.
APS Bank Ltd is licensed by the MFSA as a credit institution under the Banking Act 1994 and to conduct investment services under the Investment Services Act 1994. APS Bank Ltd is an enrolled Tied Insurance Intermediary under the Insurance Intermediaries Act, 2006 for MAPFRE MSV Life plc. MAPFRE MSV Life plc is authorised by the Malta Financial Services Authority (MFSA) to carry on long term business under the Insurance Business Act, 1998. Both entities are regulated by the MFSA.