What are the implications of Brexit for Ireland and Europe? Is a serious economic shock possible? Might we see controls reappear on the border with Northern Ireland? Business leaders gathered in The Irish Times office this morning to hear economist and Irish Times columnist Professor John FitzGerald, London Editor Denis Staunton and Economics
Further insights into the habits of Ireland’s workforce have been revealed through recent employee research carried out by Irish Life*. The research found that Ireland’s workforce remains committed to their jobs, with over a third of employees in Ireland stating they have never missed a day in work. However, Ireland’s workforce are not as dedicated to securing their financial future, as they are only saving an average of 10% of their salary into a pension fund, Irish Life figures show.
Bill Kyle, Chief Executive Officer, Irish Life Group Limited, has announced his intention to retire in mid-2016 following three years as CEO of Irish Life and a 37-year career with the Great-West Lifeco organisation.
In conjunction with Mr. Kyle’s upcoming retirement, the company has announced that David Harney, currently Managing Director, Irish Life Corporate Business will be appointed to the role of CEO of Irish Life Group effective from 30 June, 2016.
This week Ciarán takes a look at the flourishing Irish whiskey market, both at home and abroad. He is joined by Denise Murphy of An Bord Bia, Master Distiller Darryl McNally and John Teeling to discuss the enormous potential of this quintessentially Irish product.
Irish Life held a major pensions conference attended by almost 200 delegates in Dublin today. On the theme “Empowering Retirement” speakers discussed new initiatives to engage members of defined contribution pension schemes. Recent research conducted by Irish Life shows that only 29% of us know how much we need to live on in retirement,* and the conference focused on ways to help Irish people become more retirement ready.
On the Business podcast this week: The Panama Papers off shore tax scandal, the Irish angle and an in-depth discussion of the far-reaching implications of the leak. Ciarán Hancock is joined in studio by Professor Jim Stewart of Trinity College Dublin and Legal Affairs Correspondent Colm Keena.
Enhanced Annuities now account for 25% of all Irish Life’s annuity business
Smoking, Blood Pressure and Obesity main qualifying conditions in 2015
Irish Life has released figures for the take-up of its Enhanced Annuity product for 2015. Figures show that up to 25% of Irish Life’s annuity customers are making the most of this innovative product which gives customers a significant bonus in their retirement income*. As awareness for this new retirement product grows, an increasing number of people are qualifying for increased retirement income. During 2015, the highest enhancement paid was 27% and the average enhancement paid was 9%.