Irish Life to acquire a strategic shareholding in Invesco Ltd.
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Irish Life Group Limited announced that it has reached an agreement to acquire a strategic shareholding in Invesco Limited, Ireland’s largest Irish-owned independent financial consultancy. Terms of the transaction were not disclosed.
Invesco specialises in employee benefit consultancy and private wealth management and has over 27 years’ experience advising companies and personal investors. Based in Sandyford, Dublin and Lapp’s Quay, Cork, Invesco employs 125… Continue reading →
A Good Way of Life with Irish Life
Posted onPart of the benefit of a project like Ireland Gateway to Europe (IGTE) is how it helps US companies hit the ground running when setting up here. Things like tax, employment, location, and laws must be dealt with first before they can launch here and since there are a number of differences between the US and Ireland, having major players help demystify this process is a blessing.
Of those major players, one majority company that’s involved in this process is Irish Life. Providing a full range of… Continue reading →
Our TILDA partnership helps us understand our older adults.
Posted onThrough Irish Life’s efforts in preparing our members for retirement we have extended our partnership with TILDA whose overarching aim is to "make Ireland the best place in the world to grow old".
What is TILDA?
TILDA collects information on a wide range of lifestyle aspects including: health, economic and social circumstances from people aged 50 and over. Through the latest wave of data collection we now know many things about the older Irish generation.
Irish Life joined TILDA as a founding… Continue reading →
Irish Life 2018 Staff Charities have been chosen
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A new year always brings new opportunities. This year marks a special opportunity for 2 charities close to the Irish Life Staff.
In 2017 alone, Irish Life Staff Charities donated an incredible total of €340,000 to two Irish charities, CMRF Crumlin and MS Ireland. Throughout the year our employees held various fundraising initiatives, raising a whopping €170k. The amount was then matched by Irish Life to reach this final total.
Every January staff have the chance to nominate a charity… Continue reading →
'Worrying' lack of adequate financial protection for women in Ireland - research
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Less than half of women in Ireland have adequate financial protection, according to extensive research from one of the country's leading insurers.
The latest study from Irish Life has found that the number of women covered by life insurance, specified illness cover or income protection falls behind the number of men with such policies.
Just 45pc of women were found to have any form of cover to support them in times of financial difficulty compared with two thirds of men… Continue reading →
Government may let people defer State pension to qualify for higher benefits
Posted onFuture Government incentives for those who want to work beyond the traditional retirement age could include permitting people to defer their State pension and receive higher benefits when they actually do finish working. Tim Duggan, assistant secretary at the Department of Social Protection, said on Tuesday one option would be to offer an actuarially-enhanced pension to those who decide to put off receiving their State pension when they reach the qualifying age and continue working… Continue reading →
Trends in the pensions, investment and health insurance sectors
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Ireland’s population is ageing fast and at twice the EU average, with only one in four adults planning towards a specific level of retirement income. The need for a collaborative approach to address this issue was discussed by Irish Life at our recent media briefing looking at trends in the pensions, investment and health insurance sectors.
David Harney, Chief Executive, Irish Life Group, said that key lessons from international experience indicated that… Continue reading →
Sharp fall in self-employed savers despite record level of contributions
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Millennials and gig economy workers face a pension squeeze in retirement despite the latest government efforts to prepare the public for their old age, with more than a third of the workforce still under-saving.
The Department for Work and Pensions published an analysis on Sunday saying 900,000 extra people would be drawn into workplace pensions after 18 to 21-year-olds were automatically enrolled by their employers from the mid-2020s. The DWP also said it would scrap an arrangement that sees… Continue reading →
You should work for longer to get a higher pension - OECD
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Published in: Irish Independent
Workers who stay in employment beyond 66 would defer the full pension but claim higher payments when they finally do retire under a scheme outlined by the OECD.
The international think tank warns the Irish pensions system is too "basic" and should offer more flexible payments.
These would offer lower payments for those who keep working beyond 66, with the reward that they would receive higher benefits once they are fully retired.
'Pensions at a Glance… Continue reading →
How to measure the success of workplace wellness programmes
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From yoga classes and fruit drops, to weight loss programs or health screenings, corporate wellness initiatives are now commonplace across businesses of all kinds and scales, throughout all industries, with 9 out of 10* organisations now offering at least one program.
Often, however, these wellness initiatives come at quite a cost, of course, with any investment there must be some measurable return to justify the expense.
But with workplace wellness, the results aren’t always tangible.… Continue reading →
