Banking Inquiry committee members Joe Higgins and Eoghan Murphy are in studio to discuss the committee's findings, along with host Ciaran Hancock and political reporter Sarah Bardon
Ireland’s largest life assurance company, Irish Life, has welcomed the decision by Fitch Ratings to upgrade Irish Life Assurance plc (Irish Life) one notch, to ‘AA’ from ‘AA-‘.
The upgrade of Irish Life's rating reflects Fitch's view that Irish Life has become 'core' to its parent company, Great-West Lifeco Inc. Previously, Fitch viewed Irish Life as being 'very important' to its owner. Great-West Lifeco’s ownership of Irish Life has resulted in a three-notch uplift in Irish Life's Insurer Financial Strength rating to ‘AA’ from its stand-alone assessment of ‘A’.
Irish Times coverage:
We know lobbying happens, but who lobbies whom about what? A new register reveals the answer for the first time. From pleas for more beach volleyball courts to tobacco, alcohol and rezoning submissions, Business Affairs Correspondent Mark Paul has story.
Should David Drumm be detained in a U.S. prison while awaiting an extradition hearing? Irish Times columnist Fintan O'Toole argues the former Anglo CEO should be released, while Washington Correspondent Simon Carswell provides more background to Drumm's detention and the limited options open to him for further legal challenges.
Irish adults are struggling to understand many aspects of their personal finances and pension plans, as revealed in research carried out by Irish Life*.
- Only 29% of us know how much we need to live on in retirement
- Understanding of key financial terminology is startlingly low
- 40% of adults don’t know the Irish income tax rates
- Over a fifth don’t know what they pay into their pension savings
The habits and opinions of Ireland’s workforce have been revealed in research carried out by Irish Life*.
- Nearly half of the Irish workforce regularly ‘dine al desko’ and can’t start work without a coffee or tea
- Four in 10 people believe they could do a better job than their boss
- Over a third of employees admit to having had an ‘office crush’
- 22% admit to having an ‘office romance’ at some point
- ‘5’ is the appropriate number of jobs to have over your career
55% worried about not having enough money in retirement
Thursday 7 January, 2016 – Ireland’s largest life investment and pension company, Irish Life, today held a media briefing looking at key themes and trends in the pensions and investment landscape. The degree to which Ireland’s population is ready for retirement was also discussed and new research into Irish expectations of retirement unveiled. Irish Life manages 15% of personal assets in Ireland and one third of all adults have some savings with the company.
Exchequer figures for 2015 paint a picture of economic recovery that Michael Noonan could scarcely have dreamed of when he took over the Department of Finance in the dark days of 2011.
Danny McCoy of Ibec, Pat Byrne of CityJet and Fiona Muldoon of FBD Insurance join Ciarán and Arthur to discuss the year ahead for Irish business.
Pamela Newenham, Laura Slattery and Cliff Taylor join co-hosts Arthur Beesley and Ciaran Hancock for a look back at the big winners and losers in Irish business and economic life throughout 2015.