Multi-employer Provident Funds have emerged in recent years, including in Cyprus, as a particularly important institution for strengthening employees’ financial security and ensuring the effective management of their retirement benefits. They represent a modern and flexible occupational pension tool, allowing employees from different companies to participate, while ensuring more efficient management, transparency, and enhanced protection for members.

Within this context, a significant development has recently taken place in the field of occupational pension provision in Cyprus, with Eurobank assuming the role of Principal Employer of the MAP multi-employer Provident Fund as of 8 December 2025.

This decision marks a strategic upgrade for the Fund and further strengthens its institutional and investment role.

Eurobank’s assumption of the Principal Employer role—by Cyprus’s largest financial institution—is expected to contribute substantially to enhanced transparency, overall operations, and investment management at MAP, to the benefit of both members and participating employers. With extensive experience in investment fund management, wealth management, and occupational pension schemes, Eurobank adds value to the Fund by leveraging its expertise, infrastructure, and human capital.

As part of its new role, Eurobank will also act as a service provider, with a clear commitment to safeguarding the high level of service quality already offered by MAP, as well as ensuring its smooth and transparent operation. This collaboration further reinforces the Fund’s stability and supports its continued growth, giving it strong momentum to meet the increased demands of modern occupational pension schemes.

Of particular importance is the fact that the change in Principal Employer does not result in any changes to members’ rights, participation terms, or MAP’s investment schemes. There will be no changes to fees, account details, investment options, access procedures to the electronic platform, web portal, or application, nor to existing contact details. This approach ensures continuity and the stability that members have enjoyed to date.

At the same time, the former Principal Employer, Aon Hewitt, remains involved with MAP as a founding and participating employer, continuing to provide support and risk management services. The continuation of this cooperation with an internationally recognised organisation ensures institutional continuity, the transfer of expertise, and a high level of service, further strengthening the Fund’s stability and credibility.

Under the new conditions, the combined experience of the participating entities creates a robust framework around MAP, centred on transparency, prudent investment management, and the protection of members’ interests.

This latest move by Eurobank also confirms the Group’s continued confidence in the Cypriot economy and its strong long-term growth prospects. Eurobank has steadily evolved into one of the key organisations supporting and trusting Cyprus’s economic potential. Through strategic initiatives, investments, and an active presence in critical sectors, it demonstrates its role as a significant pillar of economic stability in the country.

The MAP multi-employer Provident Fund is now entering a new phase of development and stability, with the objective of effectively serving its members. Eurobank’s assumption of the Principal Employer role, combined with the continued cooperation with Aon Hewitt, establishes a strong institutional framework that enhances transparency, sound governance, and confidence in the Fund.