The Critical Reasons for HR and Finance Professionals to give Pensions some Attention!

Date: 14th June 2024 12:00 - 14:00 Mid-Level

A workshop brought to you by MITC in collaboration with APS Bank.

Join us to find out how the upcoming pensions auto-enrolment legislation will revolutionise not only the Pensions landscape in Malta but also employees and companies alike vis a vis remuneration and tax management.


The evolution of Pensions legislation in Malta is gathering steam. The upcoming auto-enrolment legislation announced by the Finance Minister in the last budget will revolutionise not only the Pensions landscape but also the way employees are remunerated. It will also enhance opportunities for the smarter companies to save on their tax bill.

Topics Covered

  • The history and evolution of Pensions Legislation in Malta.
  • The characteristics of Personal and Occupational Pension Schemes.
  • Tax Management through 2nd and 3rd pillar Pensions.
  • A practical case study: Understanding the opportunities and challenges faced by the HR team at APS Bank in setting up and managing their workplace pension scheme for employees.

Learning objectives

  • The Pensions landscape in Malta: where we were, where we are at and where will we be going
  • Transitioning from voluntary to mandatory Occupational Schemes
  • How the upcoming changes will effect companies’ HR and Finance strategies
  • Comprehend opportunities and challenges in establishing and managing workplace pension schemes for employees
  • Attain a deeper understanding of pension scheme administration within organisational contexts.

Target audience

  • HR Employees
  • Finance Professionals such as Accountants, CFOs, Finance executives
  • Board members / Company Decision Makers

Delivery: In Person or Online (Live Streaming)

In Person session will be held at MITC Training Venue

MITC Training Centre
Centris Business Gateway II, Level 4,
Triq is-Salib tal-Imriehel Zone 3,
Central Business District,


Darran Agius, Corporate Schemes Relationship Manager, APS Bank

As a Corporate Schemes Relationship Manager, Darran Agius is responsible for developing the APS Pension Products business and providing win-win financial solutions for corporate clients through tax efficient employee retention schemes which will ultimately benefit both the employer and the employee. Darran initially joined the Bank in September 2018 as a Private Clients Relationship Manager managing investment portfolios of high-net-worth individuals. He has worked in the Financial Services Industry since 2003 across different segments namely Commercial Insurance, Personal Credit, Corporate Credit, Branch Management, Investment Advice and Pensions. Along this journey, he joined First Insurance Brokers as a Commercial Insurance Broker in 2003. In 2006 he moved to HSBC gaining a year’s experience at one of their Branches before becoming a Commercial Banking Officer where he learned the ropes of Corporate Credit. In 2011 he was appointed Customer Relationship Manager at Mediterranean Bank; eventually he furthered his career as a Branch Manager at Sliema Branch. He successfully obtained the Financial Advise License from the MFSA in 2012 allowing him to contribute to the Wealth Solutions Team that helped convert the Bank’s operations from a savings to an Investment Bank in 2015. Darran holds a Bachelor of Commerce degree from the University of Malta, Bsc (Hons) Financial Services degree from the University of Manchester and an Msc Human Resource Management and Development Masters degree from the University of Leicester.

David Spiteri Gingell, Management Consultant

David Spiteri Gingell held C+ positions in government and the private sector in Malta and worked at a Prime Ministerial level in Malta and overseas.  David led strategic design and implementation reform in Malta in a number of sectors including pensions.  David was chair of various pension reform working groups between 2004 and 2012, and a member of pension strategy groups from 2013 to 2021.  David in 2001 was bestowed the Order of the Terra Mariana (4th Class) by the President of Estonia for networking ICT knowledge and technology transfer between the two countries.


Mark Lamb, Corporate Schemes Manager, APS Bank

With over 25 years financial services experience Mark is qualified and authorised by the MFSA to provide Investment, Pensions and Insurance advice and in 2018 he was approved by the regulator to act as a Portfolio Manager.  Mark is a Member of the UK’s Personal Finance Society and Chartered Insurance Institute.

Prior to relocating to Malta in 2003, he had worked for the UK’s largest provider of pensions and then as an Independent Financial Advisor for one of the UK’s longest established advisory firms. In Malta, Mark has previously held the position as Director of a boutique Investment Advisory firm, the Head of Life Department for a local Insurance Company and the Head of Investment Services for one of Malta’s largest financial advisory groups.  For over 5 years he was also a weekly business columnist for the Malta Today newspaper.

As APS Bank’s ‘Pensions Champion’ Mark’s role is to develop, lead and promote the bank’s Pensions offering to commercial enterprises, individuals and to the wider public.

Ray Bonnici, Chief People Officer, APS Bank

As APS Bank’s Chief People Officer since 1 June 2020, Ray Bonnici is responsible for Human Capital, Career Development and Employer Branding & Succession Planning. Ray initially joined the Bank in October  2016 as Head of Human Capital. He comes from a diverse and international private sector background, marked by a 10-year spell in the airline industry, where he worked for KLM, Swissair and Sabena in Malta and overseas. Following this period, he joined Hili Group in 1996 and was a key element in setting up their Group HR function. In 1999, he moved to Hilton Hotels International as Director of HR for Malta, re-joined Hili Group in 2008 as Director of HR, forming part of a team responsible for the acquisition of the Development Licence for McDonalds in the Baltics, Greece and Romania. Raymond holds a B.A. in Youth and Community Studies from the University of Malta.

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