Bank of Valletta said that it is ”proud to have supported Gemma in developing the RetireSmart App, which was recently launched by the Ministry for Social Policy and Children’s Rights.he Bank added that this new retirement planning tool helps people calculate their potential state pension and address the income gap at retirement.

Speaking on this initiative, which is also supported by Mapfre Msv Life, Dr Gordon Cordina, as Chairperson of both BOV and Mapfre Msv Life, highlighted the importance of proactive financial planning in Malta, particularly as the general population ages.

He remarked that the sustainability of the Maltese pension system for future generations depends on anticipating the challenges that the country currently faces and will be facing in the years to come, so that proactive action can be taken to ensure adequate compensation during the crucial time of retirement.

Simon Azzopardi, BOV Chief Personal and Wealth Officer, emphasised the importance of well-being and the need to start planning early.

The Bank’s Financial Well-Being Centres in Floriana and Sannat, as well as its 5 Investment Centres across Malta and Gozo, provide crucial support to bank customers wishing to discuss and invest in their financial future.

Photo: BOV

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