MAPFRE MSV Life plc has continued to register sustained business growth in its pensions business during 2022, the company said in a statement. Up to December 31, 2022, the company was managing over €55 million of personal pension plan savings and had nearly 14,000 personal pension plans on its books. Concurrently, MAPFRE MSV Life plc has also continued to register increased demand from employers to set up voluntary occupational pension schemes for the benefit of their employees. MAPFRE MSV Life plc offers two types of personal pension plans – a With Profits Personal Pension Plan and a Unit Linked Personal Pension Plan. Both are qualifying schemes which make the policyholder eligible to the tax incentives that the government is making available to encourage individuals to save voluntarily towards their retirement. The tax credits for 2023 amount to a maximum of €750 (25 per cent on contributions of up to €3,000). One of the distinguishing features of the MAPFRE MSV Life Unit Linked Personal Pension Plan is the wide range of investment options that are available to the policyholder to choose from. All these are externally managed by professional fund managers including Fidelity...
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