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ACMHAINN

Retirement Income and Financial Literacy in Malta

The Draft National Strategy for Retirement Income and Financial Literacy  presents a vision and principles for addressing retirement income and financial literacy in Malta and an action plan for the period 2016 – 2018.
 
The Vision, Principles and Action Plan are subject to a national discussion and consultation process.  Following such discussion and consultation these will be firmed up.
 
The proposed Vision is:
 
Improving the personal financial well-being of Maltese citizens during life-events and retirement by enabling them to make better informed financial decisions that fit their circumstances”.
 
The principles underpinning the Draft National Strategy underline a state of play wherein you:
  • Understand how the State pension system works and the resulting retirement income you will receive as a result of life choices you make; and hence you are in a position to make better-informed lifetime decisions with regard to the management of your money across different life events, including retirement.
  • Understand the importance of saving and investing for different life events and your retirement; and thus, you are more actively engaged in preparing for your retirement.
  • Understand better than previous generations the range of complex financial management strategies encompassing matters such as asset management, tax and succession planning, and insurance.
  • Are more competent with regard to how financial markets operate and with deciding on investment and savings products.
  • Are aware of your rights and protection mechanisms when investing or saving in financial products.
Resource Details
Úda(i)r Acmhainne
Ministry for the Family and Social Solidarity in Malta
Cineál Acmhainne
Náisiúnta agus Beartas
Tír
Dáta a fhoilsithe
Teanga an doiciméid
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