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%.
In Part one: Consumer confidence is at a fifteen year high according to the latest property and sales figures released by the CSO. Following on In Part two: Technology Correspondent Ciara O'Brien joins us in studio to talk about the slow down in Apple's record-breaking sales of iPhones and the issue of consumer privacy versus public authority.
On this edition of the Business Podcast Ciarán Hancock speaks with former CEO of Concern Worldwide David Begg, former Aer Arann chief Padraig O'Ceidigh and entrepreneur and television personality Peter Casey about their motivations for running for the Seanad.
As you may be aware, changes are being made to some of the assumptions that must be used to calculate projected retirement funds and pensions, which come in to effect from 1 April this year. These changes are made in line with revised guidance from the Society of Actuaries in Ireland.
In this update we first of all take a look at what the main assumption changes are, and then examine what the likely impact on projected retirement outcomes may be.
In Part one: Aldi has bucked the recession and now holds an eight per cent market share. Business Affairs Correspondent Mark Paul was granted a look behind the curtain of the German discounter as it seeks to capitalize on the growing consumer demand for luxury products.
In Part two: Ciarán Hancock is joined in studio by economist Jim Power and Economics Editor Arthur Beesley to discuss some of the recent figures attached to the current upsurge in economic growth in Ireland.