STM Malta Pension Services Limited has launched a new occupational pension scheme specifically created for businesses here on the Island.
The STM Malta Occupational Retirement Pension Scheme offers a simple, cost-effective solution that can be tailored to suit the needs of businesses large or small, and their employees.
Deborah Schembri, Managing Director, STM Malta Pension Services Limited, said: “The advantages that local businesses can gain from our new pension product extend far beyond simply helping their employees to achieve their financial goals in retirement. It’s also a valuable recruitment tool to attract and retain the best people in a very competitive jobs market, plus it’s an excellent way to improve staff engagement, motivation and productivity. For employees, it offers a value for money investment with the costs of administration supported by their employer. And, of course, both employers and employees have the reassurance and confidence that comes from knowing it’s from one of the Island’s biggest pension trustees and administrators which administers approximately €1.8billion (£1.6billion) of client assets.”
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.