Retirement Schemes

The Retirement Pensions Act (Chapter 514 of the Laws of Malta) allows for the establishment and licensing of Retirement Schemes and their service providers in Malta.

The Retirement Scheme, typically established as a trust, requires licensed service providers to perform designated tasks and assume responsibilities and obligations under the law.

A Retirement Scheme may need to appoint a custodian, separate from the Retirement Scheme Administrator, for the safekeeping of assets and to perform oversight functions, including monitoring compliance with the investment restrictions of the Scheme.

Sparkasse Bank Malta plc (‘the Bank’) is authorised by the MFSA to act as Custodian for Retirement Schemes.

The Bank sees the development of Retirement Schemes in Malta as an area of interest, where the Bank can deploy its expertise, infrastructure and resources to support licensed:

Occupational Retirement Schemes (established as a trust or otherwise)
Personal Retirement Schemes Retirement Scheme Administrators  

Cash flow monitoring and oversight 

The Bank has continually invested in its systems and custody network and has an established dedicated team of experienced professionals focused on depositary and custody services, thus being well positioned to provide safekeeping of assets and oversight services in a supportive, professional and efficient manner. For more information, please contact us here.


Banking (provision of bank accounts)
Safekeeping of assets (custody and record keeping)
Trading and settlement services
On-line services and access to portfolio data