The Maltese operations of the Sovereign Group – Sovereign Pension Services (SPS) Ltd. and Sovereign Trust (Malta) Ltd. – have relocated from Birkirkara to larger, centrally located offices in St Julian’s. Sovereign has been established in Malta for over 20 years and this expansion is testament to the success that has been achieved throughout these decades.
SPS is a major player in the international pensions market and has been, offering retirement planning services for the past 8 years. SPS has unparalleled expertise in pensions’ provision and now has more than £600 million of assets under administration and a growing book of business. It has also recently been granted an occupational scheme licence from the MFSA to operate occupational schemes within Malta’s domestic market.
With Malta set to further enhance the tax incentives for private retirement planning, Sovereign is ready to be at the forefront of the occupational scheme market and work with local stakeholders to introduce occupational pension schemes for their employees.
“We are seeing an increased interest in occupational schemes locally in line with tax incentives which are gradually improving, although one would still consider the market to be in its infancy.” said SPS Managing Director Cristina Cassar Difesa.
“We aim to position Sovereign as the leader in retirement benefit provision in the local market and to become the trusted partner for employers in Malta. Our new offices will provide a better work environment for our existing staff, an improved experience for clients and will also accommodate our future projected growth.”
Sovereign Malta’s corporate arms, namely Sovereign Trust (Malta) Limited and Sovereign Services Limited are quickly becoming the service providers of choice for trustee, company services and residency services. The move to larger and more centrally located offices is a testament to the growth of the business. Sovereign looks forward to welcoming clients to its new premises and to continuing to assist both companies and individuals as they chose to invest in Malta.
Sovereign operations in Malta were previously located at Suite 5, Valley Towers, Valley Road, Birkirkara. Our new address is: Level 5, St. Julian’s Business Centre, Elia Zammit Street, St. Julian’s STJ 3153. Our telephone numbers and email addresses remain unchanged.