Tag: MAPFRE MSV Life plc
-
MAPFRE MSV Life: saying many things to say nothing
MAPFRE MSV Life, the Bank of Valletta run insurance and funds-management company is running a PR campaign in the press to fight for its reputation after people discovered about financial education. CEO Etienne Sciberras claimed that MAPFRE did a €14.5 million profit in 2023 – I wonder how much of that was actual fees from…
-
Clients should be made aware that MAPFRE MSV Life’s funds are under-performing massively and their model is outdated
Following last week’s announcement by Mapfre MSV Life plc that they are paying a “bonus” of 2.5% to some of their clients holding money in some of Mapfre’s profitable funds, retail clients should be informed of the full facts. Firstly, Mapfre has a conflict of interest in acting as a financial advisor given that they…
