Issue link: https://maltatoday.uberflip.com/i/1506448
maltatoday | SUNDAY • 27 AUGUST 2023 10 COMMERCIAL Frank Salt Real Estate and St Andrews FC anticipate an exciting season ahead IN a thrilling development that sets the stage for an electrif y- ing football season, Frank Salt Real Estate proudly announced its partnership as the main of- ficial sponsor of St. Andrews FC and Luxol nursery for the forthcoming season. The joint venture was celebrated with the unveiling of the new senior team. The unveiling of the new team took place at a reception held at the Intercontinental Hotel in St Julians, with those present being Club President Mr Matthew Fenech, Vice Presidents Mr Nigel J. Dunker- ley and Mr Frank Galea, Club Secretary Mr Eamon Bugeja and Committee Member Mr Jason Falzon, as well as Direc- tor Grahame Salt from Frank Salt Real Estate. Established in 1968, Luxol Sports Club stands as a cor- nerstone of the local commu- nity, renowned for its wide- spread popularity. Boasting the island's premier nursery, the club proudly hosts more than 600 aspiring football stu- dents. Every youth team un- der its banner strives at the forefront of their respective age categories. The club's un- wavering commitment is evi- dent through its investment in adept coaches and proficient administrative staff, dedicated to nurturing a secure and pro- fessional setting for all young talents in training. In a strategic move to fortify the team's potential, Luxol/St Andrews FC has welcomed 13 new players and an innovative technical staff this year. With a fresh head coach, youth coach, and assistant head coach, Coach Ramon Zammit's vi- sionary approach aims to build a resilient and closely-knit team, leveraging the club's abundant resources. Vice President Mr. Nigel J. Dunkerley echoed the senti- ment, emphasizing the cru- cial role sponsors play in the club's progress. A portion of the sponsorship funds will be channelled towards upgrading and refurbishing the club's fa- cilities, as well as enhancing player training and technology. This dynamic partnership be- tween Frank Salt Real Estate and Luxol/St Andrews FC ex- emplifies the fusion of sports and community welfare. As the upcoming football season promises new feats and excite- ment, both entities are poised to leave an indelible mark on the local sports landscape. Emirates marks one of its busiest summers ever EMIRATES, the world's largest inter- national airline, marks one of its busiest summers ever, carrying over 14 mil- lion passengers with average seat load factors exceeding 80% across its glob- al network between June and August. Looking at the coming months, Emir- ates' booking trends show unabated de- mand for international travel across its network. Destination Dubai remained popular amongst travellers, even dur- ing the summer months with two mil- lion customers traveling to the airline's hub to enjoy its year-round attractions and events. Top inbound markets to Dubai on Emirates during this period included the UK, India, Germany, Pa- kistan, Saudi Arabia, China, Egypt and Kuwait. Over 35% of visitors to Dubai travelling on Emirates were families, staying an average of over two weeks to experience the city's incredible sites and attractions. This winter season, the airline anticipates another spike in demand for travel to Dubai as the city runs a packed calendar of global confer- ences, world-class sporting events and more. The city has already welcomed more than 8.5 million international visitors in the first six months of 2023, registering more than a million more visitors during the same time last year. From June to August, Emirates operat- ed nearly 50,000 f lights to and from 140 cities, carrying over 14 million passen- gers.Thanks to its 157 airline and rail partners, Emirates offers travellers con- venient and extended access beyond its own global network, to over 800 cities in 100 countries. BOV announces limited-time offer on the MAPFRE MSV Life Unit Linked Personal Pension Plans BANK of Valletta has partnered with MAP- FRE MSV Life to relaunch a special limit- ed-time offer on the Unit-Linked Personal Pension Plans. Customers taking up a new unit-linked personal pension plan through the Bank will earn a one-time top-up of €175 as soon as the new plan is set up and the first premium paid by the policyholder is allocat- ed. This offer is valid until the 30th of Sep- tember 2023. "Following the positive response received to a similar offer launched last year, Bank of Valletta and MAPFRE MSV Life have re- newed this offer for a fresh period," explained Ms Tonia Parascandalo, who heads the Ban- cassurance arm within the Bank's Wealth Management function. Speaking about the benefits of the Unit Linked Pension Plan, Ms Parascandalo referred to the increased awareness observed in recent years about the necessity to supplement one's pension. "The personal pension plan is basically a long- term savings plan with tax relief," she said. "Presently, the tax credit is 25% of the contri- butions made by the policyholder in a given year, up to a maximum tax credit of €750 per person annually. In addition, at retirement, one may choose to receive up to 30% of the fund value tax-free. The Personal Pension Plan offers flexibility to the policyholder, in- cluding in the amount of contribution as well as the investment options linked to one's savings. "Customers may take up a pension plan with as little as €40 monthly, meaning that this is a product within the reach of most people. In addition, policyholders are free to make changes in their contribution at any time" explained Tonia Parascandalo. "Obviously, the earlier one starts planning for retirement, the more benefits that would accrue, given that the longer one's contribu- tions are invested, the better the chances for financial growth," she remarked. Bank of Valletta is offering Personal Pen- sion Plans which are Unit Linked. Essentially, this means that the value of the contributions made is linked to a number of funds that the policyholder chooses according to his risk appetite. The value of the policy will fluctuate over the years according to the market and the chosen underlying assets. Even in this aspect, the policyholder can benefit from sig- nificant flexibility. "One may choose to invest in as many as ten funds concurrently. Fur- thermore, one may opt to switch between funds at any point in time, with the first two switches in any year free of charge," she ex- plained whilst highlighting that the unit- linked policies lend themselves very well for both capital growth and appreciation over time. Furthermore, the Unit Linked Pension Plans give the policyholder access to a broad spectrum of funds, some of which are spe- cifically geared toward retirement planning.