First major seminar on pensions since budget to evolve perspectives
In a first major discussion on the pensions system since the 2015 Budget was unveiled last November and legislation passed, the institute of financial services (ifs-Malta) together with Allied Newspapers Ltd is organising a seminar to closely inspect the characteristic changes and their implications.
‘The Pensions System: Is there a sustainable future?” on Thursday, 19th February at Hilton Portomaso, is expected to carry the discourse forward on the adequacy of Malta’s pension system and whether it has a sustainable future.
Prime Minister Dr Joseph Muscat, Finance Minister Prof. Edward Scicluna, Shadow Minister for Finance Dr Mario de Marco and ifs-Malta President Simon Grech, together with industry experts, are among the assembly of speakers.
The new pensions system has introduced private (Third Pillar) pensions with certain fiscal incentives to counter the traditional over-reliance on the government coffers. While this is a start, much more remains to be done.
ifs-Malta President Simon Grech said: “Pensions are an emotive yet arcane topic often requiring understanding of actuarial competencies. As part of ifs-Malta’s mission to decentralise the knowledge of financial wellbeing, the seminar should be of value not just to politicians or the industry, but to all.”
Sessions will include government’s vision for an efficient public pension system, with the private sector explaining ethical pension schemes as well as individual responsibilities.
- February 17, 2015 No comments Posted in: Events
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