Bank of Valletta is adopting a simplified approach to help customers understand the BOV Lifelink Retirement Plan as part of an awareness campaign launched by the bank aimed at promoting the flexible nature of the plan.

Customers investing in a BOV Lifelink Retirement Plan will effectively be putting some money aside every month over a period of time with the possibility to pause, stop or skip contributions should the need arise.

Starting the Retirement Plan is easy and at just E40 per month is highly affordable. The added value offered by this product is that the customer is in control from the start of the plan right up to its maturity. This is well suited for individuals who prefer to spread their investment over a number of years, taking advantage of the cost averaging of the investment that this plan offers.

The BOV Lifelink Retirement Plan is particularly effective if commenced earlier in life, since an early start means the potential sum accumulated will be greater. The plan also offers an element of protection should this be required.