Praxis PES Malta

Praxis PES Malta Limited looks after retirement schemes for individuals and employers from its office in the Birkirkara Central Business District. It belongs to the Praxis Group, an independent provider of private wealth, corporate and fund administration, pensions and yacht services, and it specialises in personal pensions and annuity arrangements that cross borders. For UK readers who have built up savings at home and now live in Malta, or who plan to, a locally authorised scheme administrator is a useful name to know. Our directory of pension advisors in Malta lists the firms that work in this field.

Part of an international group

Praxis was established in 1972 and takes a long term view, building its reputation on lasting relationships rather than quick transactions. The group is independent and operates across several financial centres, with Malta one of the locations. Its pension work in Guernsey and Malta draws on knowledge from more than one jurisdiction, which matters when a member has lived, worked and saved in different countries.

The group runs on four values: inspire, listen, trust and succeed together. In practice that means advisers, trustees and scheme members are all expected to be heard, and complex structures are handled by teams that work across service lines rather than in silos.

Pensions and annuity solutions

The Maltese business is described as an independent, cross-border specialist in personal pensions and annuities. It designs and sets up plans for individual and corporate clients, combining technical knowledge with day to day administration. The wider pensions division also covers employer solutions and group pensions, end of service benefit arrangements in the United Arab Emirates, and the APS occupational pension scheme and APS personal pension plan.

Praxis is not licensed or qualified to advise on whether a particular plan or its underlying investments suits you. Instead it works alongside your own adviser to design, establish and oversee the arrangement. If you are weighing up where to hold retirement savings after a move, our Malta tax guide for UK nationals and our overview of the Maltese financial services sector give helpful background first.

Who the service suits

Personal pensions and annuities are most relevant to people who want a regulated administrator behind their retirement savings, whether they are an individual saver, a business owner arranging cover for staff, or an adviser looking for a scheme partner. The group serves individuals, families, companies and institutions, and the pensions team is used to members whose careers and homes span several countries. Group memberships include STEP, the professional body for trust and estate practitioners, and ACCA, the accountancy body.

Regulation in Malta

Praxis PES Malta Limited is a subsidiary of Praxis Group Limited and is authorised by the Malta Financial Services Authority to act as a Retirement Scheme Administrator for retirement schemes registered under the Retirement Pensions Act 2011. Its Maltese company registration number is C58492. The sister companies in Guernsey, Cavendish Corporate Investments PCC Limited and Trireme Pension Services (Guernsey) Limited, are regulated separately by the Guernsey Financial Services Commission.

The Malta pensions team includes a Managing Director for pensions, a Director, two Managers and a Finance Director, and Praxis also has a private wealth Managing Director in Malta. Many people find that a named, local contact makes pension paperwork far easier, especially when a move to Malta from the UK is already stretching the to-do list.

The wider Praxis offering

Beyond pensions, Praxis provides private wealth structuring and succession planning, company formation and administration, fund administration, director and company secretarial services, accounting and payroll, and yacht ownership, management and crew services. Other advisers in the same field include Blevins Franks, Investate Finance and Jesmond Mizzi Financial Advisors, so it is worth comparing approaches.

How to make contact

Use the VisitMalta.co.uk enquiry form on this page, tell us what kind of pension or annuity you have in mind and where you live, and we will pass your message to the business.