EMPOWER Master Trust Employer Hub

Irish Life EMPOWER Master Trust

By joining the Irish Life EMPOWER Master Trust, your pension plan is part of something exceptional.

Our award-winning EMPOWER Master Trust was designed not just to meet regulatory requirements in this space, but to exceed expectations and set the standard for the industry as a whole. As EMPOWER Master Trust participants, both you and your plan members will benefit from a market leading master trust proposition, which will flex and evolve over time to meet any industry or regulatory challenges, as needed and continue to lead the way for pensions in Ireland.

The Irish Life EMPOWER Master Trust has some standout features that set it apart...

Get up to speed quickly & easily

Irish Life is on a mission to make all things pension as easy as possible for you. We want you to be able to find everything you need at the click of a button.

We also want to keep you up to date on everything you need to know about the world of pensions, right when you need to know it.

  

Quarterly Investment Update

Your quarterly investment update from Irish Life Investment Managers is designed to:

  • Keep you up to date on the EMPOWER Master Trust fund returns
  • Provide an expert investment insight into recent market performance
  • Explain what you can expect from the funds in the future

 

Beyond Compliance: Creating Value-Driven Auto-enrolment Experiences for Employees

Shane O'Farrell, Director of Workplace Markets in Employer Solutions at Irish Life, will soon be presenting at the Irish Association of Pension Funds (IAPF) conference on 27 May 2025.

Shane's 'Beyond Compliance: Creating Value-Driven Auto-enrolment Experiences for Employees' presentation will explore the hottest topic in the industry right now, Auto-enrolment (AE).

As pensions enter a new AE era, Shane will expertly discuss how employers can go above and beyond compliance obligations to implement an employee-centric approach. Additionally, supported by key insights from our latest independent research, Shane will explain how the AE rollout presents an unprecedented opportunity to enhance employee financial wellbeing.

Find out more about this IAPF event, from agenda to the full speaker line-up.

 

New: Income Protection Insights Report 2024

As the largest provider of Group Income Protection in the Irish market, with the widest range of services available*, we reflect on our Income Protection claims experience throughout 2024.

At its core, our Income Protection cover provides vital financial protection for employees, who become unable to work due to a long-term illness or injury. From prevention and early intervention supports, to rehabilitation services that help employees return to work, we're committed to protecting your people and empowering your business.

Key findings** include:

To explore our complete findings, download the report below.

*Irish Life claims data 2024. **Income Protection Insights Report, Irish Life 2024.

 

Pensions Authority reaffirms strength of EMPOWER Master Trust

As the largest Master Trust in the Irish market, our EMPOWER Master Trust was recently selected for assessment as part of the Pensions Authority’s Supervisory Review Process (SRP).

Recently introduced (in 2024), the SRP is an extensive and meticulous multi-phased, multi-format assessment, which examines a myriad of key areas, from governance to operations, and investment to communications, fees and charges as well as any notable recent endeavours like our Fund Rationalisation Project. 

The SRP utilises a series of formats, beginning with standard requests for information, followed by a detailed questionnaire and culminating in an in-depth interview with the Trustees.

The Authority was pleased to note the Trustees proactively consulting with expert advisors to drive continuous enhancements to the EMPOWER Master Trust and findings were positive overall, reflecting the strength and depth of our proposition. We will continue working closely with the Trustees, underpinned by the Pensions Authority’s conscientious oversight to consistently evolve our offering and strengthen our governance.

 
 

Member Engagement Update

Recent and upcoming highlights from our Pension Education webinars and campaign communications include:

Upcoming webinar: Join the Plan

On Wednesday, 28 May 2025 at 11am, we are hosting our popular Join the Plan webinar. This engaging session is a must-watch for employees who have not yet joined your workplace pension plan.

 

Upcoming webinar: Key things to know before you retire (aged 50+)

On Thursday, 29 May 2025 at 12.30pm, we'll be sharing the key things to know before you retire. In this session, aimed at members aged 50+, we'll cover the essentials of preparing for life after work.

 

Watch on-demand: Are you on track? Key decisions for a better outcome

In this session, we explored the value of goal setting to help members live their best possible life after work. We also provided insight into the benefits members can gain from engaging with the online tools and benefits statements.
 

Watch on-demand: Investments – The engine behind your Pension

This investment webinar shared a current market overview, as well as the basics of both inflation and compounding and how they can impact investments over time.
 

 

What members can expect in 2025

A key element of our journey based persona driven member engagement program is our 2025 Pension Education Series. 

Jam packed with targeted, relevant content and engaging member webinars, this series has been designed to build on the 2024 member experience, continuously using our learnings and insights to shape the approach. 

 

Useful Shortcuts

To make things as easy as possible for you,
we have pulled the key master trust
literature and forms into one place.

From the Member Guide and Member Hub link to App forms and information on the EMPOWER Personalised Lifestyle Strategy, it’s all here for you...

Frequently Asked Questions (FAQ)

This FAQ resource is designed to help your team to answer some of the most common queries that your members are likely to ask, without reinventing the wheel each time.

You’ll find simple, straight forward answers to the most Frequently Asked Questions, right here at the click of a button... 

  

Guidance in a master trust world

Irish Life is on a mission to help your members harness the power in their pension.

So, we ensure members have the encouragement, information, tools and touchpoints to understand and engage with their pension whenever they wish to do so.

Resources & supports include our new Pension Education Series, a comprehensive communications calendar, the award-winning Pension Portal and our dedicated Pension
Education Team.

You can find out more on our Member Hub....

 

Meet the Trustee

As the largest defined contribution (DC) pension provider in Ireland, Irish Life has a wealth of industry experience and customer knowledge. We’ve used our insights and collaborated with expert advisors and partners to deliver an exceptional master trust solution.

One of those key partners is Law Debenture Master Trust Trustee (Ireland) DAC (LawDeb Ireland DAC). 

As trustee of the Irish Life EMPOWER Master Trust, LawDeb Ireland DAC is wholly independent
of Irish Life, which is quite a unique feature in the Irish master trust market.

In addition to providing trustee services in Ireland, LawDeb Ireland DAC is a subsidiary of Law Debenture, one of the largest providers of independent professional trustee services in the UK, with a wealth of master trust experience…

 

Wellbeing Calendar

This May, we're focusing on what it means to 'flourish'. As you navigate your daily routine, we encourage you to take a moment and explore our top tips below, designed to help you live a more meaningful, positive life. 

Additionally this month, we're delighted to see the return of WellFest, Europe’s largest outdoor health, fitness and wellness festival. So, it's the perfect time to take part in our MyLife WellFest Challenge starting on 9 May 2025. By tracking 5K a day and achieving our 35K weekly target, participants will be in with a chance to win a €1,000 Adare Manor voucher.

Irish Life Wellbeing is not a regulated financial services company.