IORP II: Irish Life appeals to Government to avoid excessive bureaucracy and costs
Posted onIrish Life has appealed to the Government to avoid excessive administrative bureaucracy and costs on smaller pensions schemes.
Ireland set to impose significantly more regulation and cost than other European countries
Oireachtas Committee to support a cost benefit analysis on implementation of IORPS II
November 7, 2019: Irish Life has appealed to the Government to avoid imposing excessive administrative bureaucracy and costs on over 152,000 members of smaller pensions schemes. If imposed, the… Continue reading →
Registered Administrator: Registrations completed for September 2019
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The Pensions Act requires every pension Trust to appoint a Registered Administrator for their schemes and for the Registered Administrator to re-register annually.
Irish Life can confirm that we completed the Registration with the Pension Authority in September 2019 for the schemes that we will be the Registered Administrator for.
Find out more
For more details about the role of a Registered Administrator and what the Trustee, Employers need to do to ensure everyone… Continue reading →
2024 Gender Pension Parity Report
Posted onWhy does research show women need to work 8 years longer than men? – 2024 Gender Pension Parity ReportDo you ever dream about life after work? A time to explore new opportunities and have a bit more time to do the things you love. For some, the dream could be travelling the world or exploring new passions, for others it could simply be about spending more time with friends and family. Whatever the dream looks like, life after work should be something to look forward to for everyone. So why… Continue reading →
Irish Life DC Annual Benefit Statements
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We are delighted to announce some enhancements to our DC Annual Benefit Statements from April 2019.
We continuously research with our customers regarding communication material and have implemented the following change to our benefits statements to meet their needs.
Our benefit statement is being changed to a reader friendly A5 booklet format which is more in keeping with other documentation that our customers receive.
The content of the benefit statement is… Continue reading →
EMPOWER Personal Lifestyle Strategy (PLS) is changing
Posted onLast December we announced changes we were making to our core PLS offering on our Defined Contribution) DC, (Personal Retirement Savings Account) PRSA and Personal Retirement Bonds (PRB) products. The changes outlined were implemented at the 1 April 2019.
A core strength of our EMPOWER Personal Lifestyle Strategy (PLS) is the regular review process. This regular review is undertaken to ensure that PLS stays up to date and relevant. This review will take account of changes to the… Continue reading →
Report Launch: A Guide to DC Plan Contribution Structures
Posted onWe are launching a new report analysing how DC plans across the country are structured and what they are offering for members.
This report takes a closer look at the following topics:
How do DC contributions work and what factors combine to create the contribution structures?
The most prevalent contribution structures across the DC plans that Irish Life administer… Continue reading →
Irish Life Staff Charities raised €360,000 in 2018
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We are delighted to announce that Irish Life Staff Charities donated an incredible total of €360,000 to two Irish charities. The funds were raised throughout 2018 by employees through various fundraising initiatives undertaken and the amount was then matched by Irish Life to reach this final total.
Each year, the Irish Life Staff Charities committee shortlists a number of Irish charities to receive donations collected throughout the year and the final two are selected by Irish… Continue reading →
Irish Life Pension Report
Posted onThe Difference in a Decade: Irish Life data shows potential pension gains with 10-year head start
Read the new pension report from Irish Life which shows Irish Life DC pension data and research findings.
Irish Life pension data shows the current age starting a company pension plan is 37 with 11.4% contribution rate1 on average
Potential boost in retirement income of 50%-120% if people started pension 10 years earlier*
“Younger for longer” trend emerging; average age of getting… Continue reading →
Online Budget Planner for Retirement
Posted onOur new online budget planner is now available in Pension Planet Interactive.
How much will people need to live on in retirement?
Recent research shows that only 26% of people know what they are targeting to live on in retirement. 40% of people don’t know what to target and 34% say they are not planning for retirement at all. (Source: Coyne Research, December 2017)
Some expenses may decrease in retirement, retirees might have paid off their mortgage and their children have finished college.… Continue reading →
Hell and Back 2018 for Irish Life Staff Charities
Posted onMore than 150 employees from across Irish Life and Canada Life braved the Hell & Back course at Kilruddery House on Saturday 16 June for Irish Life Staff Charities.
All funds raised for the event will go to our staff charities of the year, the Irish Motor Neuron Disease Association (IMNDA) and Remember Us.
It was an amazing and memorable day, check out some of the photos from the day!… Continue reading →
