Property Fund Exit Update
Posted onIn recent months, economic uncertainty arising from the Covid-19 virus has increased the level of withdrawals from Property funds and created some market uncertainly around property valuations.
Therefore, in order to protect the interests of long-term investors in the Funds Irish Life introduced a six-month notice period in March for member exits from the Property Fund.
As we are all aware Covid-19 has introduced significant market volatility and the property market is not immune to… Continue reading →
Investing in a sustainable future: responsible investment
Posted onIrish Life are at the forefront of responsible investment in Ireland – and we want to share our commitment and approach to building a sustainable future with you.
Irish Life Investment Managers (ILIM)
Irish Life Investment Managers (ILIM) is our appointed investment manager. ILIM's vision is to build better futures and ILIM are committed to managing the assets entrusted to them responsibly, with the objective of delivering longer-term sustainable returns.
Click here to find out more… Continue reading →
State Pension Age Changes deferred
Posted onThe State pension age was due to change to 67 from 2021 and to 68 from 2028.
However, these changes have been deferred pending the report of the Commission on Pensions due June 2021 and any subsequent Government decisions on its recommendations. While the current political atmosphere is not favourable to any increase in the State Pension age, the long term affordability of the State Pension remains a challenge.
In general the change will have little impact on most company pension schemes and… Continue reading →
Registered Administrator 2023
Posted onThe Pensions Act requires every pension Trust to appoint a Registered Administrator for their schemes and for the Registered Administrator to re-register annually with the Pensions Authority.Irish Life will be completing the Registration with the Pensions Authority in September 2023 for the schemes that we will be the Registered Administrator for with respect to the production of annual benefit statements and maintaining of scheme records.Every pension scheme established under a Trust must have… Continue reading →
Registered Administrator - Registrations September 2020
Posted onThe Pensions Act requires every pension Trust to appoint a Registered Administrator for their schemes and for the Registered Administrator to re-register annually with the Pensions Authority.
Irish Life will be completing the Registration with the Pensions Authority in September 2020 for the schemes that we will be the Registered Administrator for.
Every pension scheme established under a Trust must have an authorised Registered Administrator to maintain records necessary for the preparation… Continue reading →
ECB Reporting
Posted onBackground
The European Central Bank (ECB) introduced a regulation (2018/231) on statistical reporting requirements for pension funds in 2018. The Statistics Division of the Central Bank of Ireland is responsible for the collection, compilation and transmission of this statistical data to the ECB.
The new regulation aims to provide enhanced statistics that will better support the European System of Central Banks in its contribution to the stability of the financial system. At least 75% of the… Continue reading →
New member of ESG Ireland: Irish Life Investment Managers
Posted on
ESG Ireland is pleased to welcome Irish Life Investment Managers as a new member of the ESG Ireland community, committed to working towards a more secure future.
Kathy Ryan, Head of Responsible Investing, Irish Life Investment Managers, said:
“We are delighted to become a member of ESG Ireland and share their commitment to closing the knowledge gap around responsible investing.
Our clients trust us with their investments and to deliver on our core promise to… Continue reading →
Coronavirus market and your pension
Posted on
Virtual Member Engagement
Our team of experienced pension experts are committed to helping you access the information you need when you need it to make informed decisions about your future. The member engagement team is best known for in person, onsite engagement delivering group presentations, answering frequently asked questions and providing access to information when you need it.
Naturally, we’ve had to change our approach recently and focus our efforts digitally to continue to… Continue reading →
COVID-19 (Coronavirus) – update for our customers
Posted onIn light of the nationwide and global situation with the Coronavirus (COVID-19), we want to assure you that we are doing everything we can to continue the delivery of our services, while protecting the safety and welfare of our staff and our wider community.
We will continue to listen to and follow the advice of the Irish government and the Health Service Executive, for all our colleagues. In line with government guidance our service contingency plans are now in place and most of our people… Continue reading →
Property Funds
Posted on
With effect from 19 March 2020 Irish Life is introducing a six-month notice period for all switching and encashment requests from the Property Funds.
This means any request to encash (fully or partially) or switch (fully or partially) from these Funds will be processed using the Fund prices at the end of the six month notice period from when the request was made. This does not apply to death claims or normal retirement benefit claims.
Introduction of a Notice Period… Continue reading →
