By Andreas Michalias
Head of Portfolio Management, MAP Fund Management Services Limited
Provident and Pension Funds (IORPs) are vital in Cyprus’s retirement system, bridging the gap between social insurance and the income needed for a comfortable retirement.
Amongst economic challenges and inflation, these funds provide tax benefits, enhance corporate responsibility, and attract talent while securing long-term savings.
Effective management, guided by robust investment principles and supported by modern regulations like the IORP II directive, ensures transparency and sustainability.
By complementing social insurance, these funds safeguard retirees’ quality of life and contribute to broader economic stability.
Read the full article (in GR)
