The CFA Society Cyprus has launched a new podcast series focusing on financial issues that shape the economy and society, with its first episode delving into Cyprus’ pension system.

According to the announcement, this initiative “aims to provide the public with insights and tools to navigate economic management and investment challenges effectively”.

In the inaugural episode, Panayiotis Mavromichalis, former President of CFA Society Cyprus, and Alexandros Klappas, Head of the Financial Literacy Committee, examined the current pension system’s strengths and weaknesses.

“We are aiming to break down the complexities of pensions in accessible terms,” said Klappas.

Commenting on the role of private pensions, Mavromichalis said that “policymakers must take decisive action to ensure the sustainability of retirement provisions”.

The discussion also explored reforms and strategies individuals can adopt to secure a stable retirement.