Fundacion MAPFRE and BOV Foundation Launch Pension Guide in Malta

Fundacion MAPFRE, in collaboration with the BOV Foundation, proudly launched the Fundacion MAPFRE Pension Guide in Malta during a distinguished event held at Verdala Palace. The initiative marks a significant step forward in promoting financial literacy and long-term financial wellbeing among Maltese households.

The event opened with a welcome address by Elvira Vega, CEO of Fundacion MAPFRE, who shared the foundation’s global vision for financial education. “At Fundacion MAPFRE, we believe that financial literacy is a cornerstone of social progress. Our Pension Guide is designed to empower individuals with the knowledge they need to make informed decisions about their future,” Vega stated. “We are honoured to partner with the BOV Foundation in Malta to bring this resource to life.”

The keynote address was delivered by Dr Gordon Cordina, Chairman of Bank of Valletta, who explored the evolving macroeconomic context for pensions in Malta, highlighting the importance of proactive planning in an ageing society.

“Ensuring sustainable and adequate pensions for Malta’s future requires forward-looking reforms, greater private savings, and a collaborative approach. By learning from international experience and encouraging innovation, we can secure dignity and stability for tomorrow’s retirees” said Dr Cordina

A key highlight of the event was the presentation of research findings on “Attitudes and Behaviours towards Pensions Among Maltese Households”, conducted by Daniel Magrin, BOV Head of Marketing & Product Lifecycle Management and Petra Ellul Mercer founder of CapableMind. The study revealed insightful trends and challenges in pension awareness and preparedness across different demographics.

The event concluded with a dynamic panel discussion featuring leading voices in the financial sector, including  Kenneth Farrugia, CEO of Bank of Valletta,  Elvira Lopez de Lara Merida, CEO of MAPFRE MSV Life; Etienne Sciberras, CEO of MAPFRE Middlesea; alongside Daniel Magrin and Petra Ellul Mercer. The panel explored strategies to enhance pension engagement and the role of institutions in fostering a culture of financial responsibility.

This launch represents a collaborative effort to address one of Malta’s most pressing financial education needs and reflects a shared commitment to building a more financially resilient society.