Annual renewal cycle of a DC scheme - Infographic
Posted onWe have developed an infographic guide that shows the regular steps in the annual renewal process of a Defined Contribution (DC) scheme.
We have set out the various steps in the process that both Irish Life as well as the trustees and employer must complete during a year to meet compliance obligations.
Click here or on the image below for the guide in PDF format.
Best in Financial Services at this year's Accenture DMA awards
Posted onWe are delighted to announce that we won Best in Financial Services at this year's Accenture Digital Media Awards. These awards recognise creativity and innovation in the digital sector including advertising, marketing, web design and development.
Click here to see more awards and achievements
Trends in the pensions, investment and health insurance sectors
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Ireland’s population of over 65s will grow by 200,000 over the next ten years. The implications of this ageing population for retirement and healthcare was discussed by Irish Life at Tuesday's media briefing looking at trends in the pensions, investment and health insurance sectors.
… Continue reading →
Irish Life Staff Charities raised 344,000 in 2016
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We are delighted to announce that Irish Life Staff Charities has donated a phenomenal total of €344,000 to two Irish charities this year. The funds have been raised through various fundraising initiatives undertaken throughout the year.
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 Life employees. This year, the charities chosen were The Down… Continue reading →
Irish Life continues award-winning success at Irish Pension Awards
Posted onIrish Life continues award-winning success at Irish Pension Awards
Irish Life Corporate Business Awarded Communication Award
Irish Life Investment Managers Awarded Passive Manager of the Year
Setanta Asset Management Wins Equities Manager of the Year for the fifth year in a row
Irish Life has been awarded top accolades at the Irish Pension Awards 2016, held in association with European Pensions. At the award ceremony last night in Dublin, Irish Life Corporate Business won the… Continue reading →
Irish Life paid out almost €1m in pension payments to customers every working day in 2015
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•Irish Life paid €236m in pension payments in 2015, up from €179m in 2010
•44,205 pensions paid in 2015, with an annual average payment of €5,332
•Youngest person in receipt of a pension is just 49 years, the oldest is 102 years
An analysis of pension payments by Irish Life has shown that the company paid out €236m to its customers in 2015, compared to €179m in payments in 2010. This increase represents the changing pensions landscape, which is moving from… Continue reading →
Change to PRSAs proposed in Finance Bill
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The Finance Bill proposes a change in the tax treatment of certain PRSAs for policyholders over the age of 75.
A change to the treatment of certain PRSAs has been included in the recently published Finance Bill.
Currently vested PRSAs (i.e. PRSAs from which assets have been made available to the PRSA owner or some other person) are subject to an imputed distribution regime, similar to Approved Retirement Funds. This means that… Continue reading →
Building better futures through Corporate Social Responsibility
Posted onCorporate Social Responsibility Report
The most successful companies in the world all have a reason for being that goes beyond reaching commercial targets. Contributing to the betterment of the communities and society which they impact and depend upon is now an important consideration for all businesses, large and small.
Our Corporate Social Responsibiltiy Report provides an overview of Irish Life’s CSR activities for the 18-month period from the beginning of 2015, to June 2016. We are proud… Continue reading →
Budget 2017
Posted onBudget 2017 contained no changes relating to private pensions.
It has been announced that the State Pension and all other social welfare pensions are to increase by €5 per week from 1 March 2017.
Other items of interest
The DIRT rate is to be reduced from 41% to 39% in 2017 (and it is planned to reduce it to 33% by 2020). There was no reference to a reduction in the exit tax applied to life assurance policies. The publication of the Finance Bill should provide further clarity… Continue reading →
Irish Life Health established following health insurance acquisitions
Posted onIrish Life Health established following health insurance acquisitions
Set to be a new force in the Irish market
Tuesday 2 August, 2016: Irish Life Health has been established as a new force in the Irish health insurance market. This follows the completion of Irish Life Group’s transactions to acquire Aviva Health and assume control of GloHealth, where Irish Life previously had a 49% shareholding.
This move is a positive development for competition in the Irish market, and gives customers a… Continue reading →
