Middlesea Valletta Life Assurance Co. Ltd (MSV) and FPC Investment Consultants Ltd recently signed an intermediary agreement that will enable FPC to promote and sell MSV’s unit-linked range of products.

Both companies have expressed satisfaction at the conclusion of the agreement. MSV general manager David G. Curmi commented that the agreement will enable MSV to offer its services to an even wider customer base and is in line with the company’s philosophy of forging long-term relationships with both intermediaries and clients. While actively pursuing the expansion of operations beyond Malta, MSV still retains a very active interest in the Maltese market.

FPC directors Kevin Mifsud and Mark Lamb welcomed the agreement as being in line with their company’s philosophy and commitment to provide an outstanding service to their clients. As independent advisers, FPC Investment Consultants have been established in Malta since 1999 and can offer their clients access to many of the world’s leading financial institutions and the choice of the top performing fund managers.

MSV has been a major player in Malta for some time, with a market share of over 50 per cent of the Maltese life insurance market. Mr Mifsud and Mr Lamb agree that MSV’s range of products can indeed compete with the world’s best and believe that their present and prospective clients stand to benefit considerably through this new arrangement.

The unit-linked product range of MSV consists of the maximum investment plan, the MSV retirement plan, the MSV investment bond and the MSV capital guaranteed bond.

The investment element of these policies is linked to an investment fund or funds chosen by the client according to his/her risk profile. The 20 funds that are available for linking consist of a selection of funds managed by Fidelity Investments and Valletta Fund Management. MSV’s own with-profits fund can also be used as one of the links under the investment bond.

The maximum investment plan and the retirement plan are regular premium type policies and offer a convenient way of saving on a regular basis coupled with the possibility of including life cover in one package.

The MSV investment bond is a single-premium type policy that can be used to make a one-off investment with the possibility of making additional top-up investments at any time.

MSV has provided appropriate training for the designated FPC members of staff as it seeks to ensure that all the intermediaries involved in the promotion of its policies possess the required

level of product knowledge and expertise.