BOV offers peace of mind through retirement planning

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Photo by BOV

Tista’ taqra bil-
Malta.

“Retirement planning can be a cause for anxiety because people don’t know how much money they will need to maintain their standard of living during their retirement years and how to secure that income.” So Sandra Magro, head of BOV’s investment center, said at a seminar called ‘Encouraging Motivation while Coping with Anxiety’, an event organized by the Malta Union of Midwives and Nurses in collaboration with the Bank of Valletta and the Learning Institute for Healthcare Professionals. .

“Our mental health may depend on how well we feel we can support ourselves and our families. When we feel there is not enough, we can feel that our survival is threatened,” Ms. Magro said. “Planning ahead with confidence, whatever stage of life you are at, is key to ensuring a comfortable life past retirement age. One can choose to rely on the government pension , which so far has been sure and definitive, but which however may not be enough to secure his post-retirement ambitions.

“Another option is to invest for the long term through voluntary individual pension plans,” Ms. Magro continued. “The retirement benefits you receive from your retirement plan will depend on a number of factors, including the value of your plan, the choice of investment strategy, and the choice to receive either a lump sum plus income or all in the form of monthly income.”

Bank of Valletta invites those interested in financial peace of mind through sound retirement planning to schedule an appointment with a BOV Financial Advisor through https://www.bov.com/Assistants/set-an-appointmentby calling +356 2131 2020 or by email at bovic@bov.com

Pension schemes distributed by Bank of Valletta plc are products of MAPFRE MSV Life plc


Bank of Valletta plc with registered office at 58, Triq San Żakkarija, Il-Belt Valletta VLT1130 – Malta, is a tied insurance intermediary registered under the Insurance Distribution Act, Cap. 487 of the Laws of Malta for MAPFRE MSV Life plc (MMSV) as listed in the MFSA’s Register of Linked Insurance Intermediaries (Companies) available at https://www.mfsa.mt/financial-services -register. MMSV (C-15722) is licensed under the Insurance Business Act, Cap. 403 of the Laws of Malta. Both entities are regulated by the Malta Financial Services Authority with address Triq L-Imdina, Central Business District, Birkirkara CBD 1010 – Malta”

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