Getting Retirement Ready - more than just financial preparation
Posted on
Mention retirement planning and more often than not, people’s thoughts turn straight to financial planning and pension provision. Scratch the surface, however, and people’s concerns can run a little deeper than financial fears. There is more to consider as we embark on this transitional life stage than counting one’s pennies. Yet, this is generally the area where employers feel most obliged to support their staff.
The reality is that retirement – as with… Continue reading →
Pension Adjustment Orders - Change in tax treatment
Posted on
Pension Adjustment Orders: Change in tax treatment where a ‘Chargeable Excess’ arises
The Finance Act 2014 has introduced a number of changes to the tax treatment of retirement savings over which a pension adjustment order has been made. This change applies specifically to cases where a Chargeable Excess arises.
As you will be aware currently a €2m Standard Fund Threshold (SFT) limit applies. This is a lifetime limit on the total capital value of pension benefits that an individual can draw… Continue reading →
Smarter investment strategies
Posted onPatrick Burke, MD of Irish Life’s investment managers, talks about their smarter investment strategies to Newstalk Business. He explains how these strategies – which are key components in Irish Life MAPS – can help those looking for real returns while aiming to deliver lower volatility and reduced drawdowns during extreme market conditions. Listen here:
Patrick Burke - Newstalk interview
Irish Life announces appointment of Sandra Rockett to the Government Pensions Council
Posted on
Ireland’s largest life assurance company, Irish Life, is pleased to announce that Ms. Sandra Rockett, Director of Business Development at Irish Life Investment Managers, has been appointed to the newly formed Pensions Council. The unpaid council has been established by the Department of Social Protection to help strengthen the pensions environment and give consumers greater input into pension policy.
Ms. Rockett, who is an actuary by profession has been chosen… Continue reading →
Capital Protection Fund changes
Posted onFrom 23 January 2015 the following restrictions will apply to the Capital Protection Fund in Irish Life Corporate Business (ILCB) products:
The Fund is closed to new Single Premium Investments and Transfer Values
The Fund is no longer available as an option to switch existing ILCB pension investments into
The Fund is closed to new Regular Premium Investments
The document at the link below is aimed at financial advisors, scheme trustees and scheme members and sets out the details… Continue reading →
Risk Rating changes
Posted onFollowing a review of our fund risk ratings which are based upon the ups and downs that each fund experiences over time, the following fund risk ratings have been revised:
If you have any queries about these changes, please don't hesitate to contact us.
New 'Options at Retirement' tool
Posted onWe are delighted to launch our new ‘Options at Retirement’ tool.
Retirement is a key milestone in people’s lives and understanding options at retirement can be difficult for everyone.So we’ve designed an interactive 'Options at Retirement' tool, hosted in the Retirement Centre, to try to help people better understand their retirement options.
The Options at Retirement tool presents eight sample retirees, each taking different retirement benefits depending on:
their pension plan (… Continue reading →
Release of our Defined Contribution Retirement Readiness Report
Posted onWe are delighted to share with you our first Defined Contribution (DC) Retirement Readiness Report.
DC schemes are now the company pension plans of choice for most companies looking to help their employees secure income for their retirement. As the market leading provider of occupational Defined Contribution schemes in Ireland, we at Irish Life are well placed to provide an insight into how Defined Contribution schemes around Ireland are operating.
Having analysed the company DC schemes that… Continue reading →
Launching new online service to support retirement planning
Posted on
Launching new online service to support retirement planning
Retirement is a significant milestone for everyone. We know that members of company pension plans need all they help they can get to prepare for this important step in their lives. So we are delighted to launch our new online “Retirement Planning” centre from within the Irish Life Corporate Business website: www.irishlifecorporatebusiness.ie/retirement-planning-start-planning
Who is the Retirement planning centre… Continue reading →
Important Customer Information
Posted onImportant Customer Information: Proposed transfer of Canada Life Ireland business to Irish Life
Proposed transfer of the business of Canada Life Assurance (Ireland) Limited (“Canada Life”) to Irish Life Assurance plc (“Irish Life”)
Great-West Lifeco Inc., through its indirect wholly owned subsidiary Canada Life Limited, completed the acquisition of the Irish Life Group on 18th July 2013. As a result, we are starting to implement our plan to combine the business of Canada Life with Irish Life… Continue reading →
