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News - Irish Life Corporate Business

Posted on January 22, 2018

Irish Life Corporate Business are delighted to be announced as finalists for this February's Digital Media Awards.

We will be competing in two categories; Best Use of Mobile and Best Technology Innovation. 

The Awards Ceremony will take place on 16 February 2018.

Posted on January 22, 2018
For the past number of years, Irish Life has sent a communication to all members of Defined Contribution (DC) schemes. This communication was called the “Pension Pulse Statement” and it was issued 3 months after the Annual Benefit Statement. The purpose of the Pension Pulse Statement was to show DC members:
 
An estimate of the income they could expect each year when they retire based on the estimated value of the pension fund at normal retirement age
Whether they are on track for a target of 1/3rd of salary plus the State Pension in retirement 
Where they were not currently using a lifestyle strategy, it highlighted the risk rating of the funds they were invested in.
 
These are important messages. We will continue to provide members with important information like this about their pension savings in their annual benefit statements and through our online services.
 
However, from 1 April 2018, we will no longer be sending the Pension Pulse Statement by post to a DC member’s home address. Instead, members will have access to this information on a daily basis via our personalised online pension system, Pension Planet Interactive.
 
 
DC members can view their values, projections and investment risk ratings online. This means the information is based on real-time data so it is a much better way to engage and communicate with DC members. 
 
Posted on January 22, 2018
We are delighted to announce that Irish Life Staff Charities donated an incredible total of €340,000 to two Irish charities last year. The funds were raised throughout 2017 by employees through various fundraising initiatives undertaken and the amount was then matched by Irish Life to reach this final total.
 
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. Last year the charities chosen were MS Ireland, and CMRF Crumlin. Each charity received a fantastic donation of €170,000 to help provide support services, equipment needs, and critical research funding.
 
 
Since its inception, the Irish Life Staff Charities initiative has raised in excess of €2.5 million for a wide range of Irish and international charities.
 
Commenting on the donation by Irish Life, David Harney, Group Chief Executive, said; “We are delighted to donate this significant amount to two exceptional charities this year. Supporting those in need is integral to our culture at Irish Life, and our charity work and the amount we have raised reflects this. I’m honoured to lead a team that is so supportive of our fundraising initiatives, giving their time and support for such worthy causes”.
 
Posted on January 18, 2018

A study of executive salaries at Irish companies by the Irish Congress of Trade Unions (Ictu) released this week, shows the gap between the pay packets of chief executives and the average worker is widening, while bonuses are on the up.

Laura Slattery is joined by Ictu's Dr Peter Rigney, Global FDI director at Morgan McKinley Trayc Keevan and Irish Times business affairs correspondent Mark Paul to discuss the findings.

Also on the show: the CSO has introduced its Labour Force Survey to replace the Quarterly National Household Survey as the most accurate barometer of conditions in the Irish labour market. Eoin Burke Kennedy explains what it says about the state of Irish employment.

Posted on January 10, 2018

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. Irish Life supports the argument for introducing auto-enrolment for pensions, this and other topics were discussed at Tuesday's media briefing.

Posted on January 10, 2018

Demand for residential property in Dublin is sky-high, particularly around Grand Canal Dock. That's where development company Cairn Homes is building 122 new apartments. Cairn CEO Michael Stanley showed Ciarán around the building and talked about the high cost of construction, why we need to add more floors to our city centre buildings and what needs to be done to ameliorate the acute shortage of housing. 

Posted on January 04, 2018

2017 was another busy year for the Irish hotel industry with many new openings, customer growth and increased room rates. Tim Fenn, CEO of the Irish Hotels Federation, talks to Ciarán about the industry: the health of the market, whether value for money is being eroded, the impact of Brexit and the fight to retain the 9% VAT rate.

Posted on December 31, 2017

What challenges and opportunities face the Irish economy and business in 2018? Bank of Ireland chief executive Francesca McDonagh, Ibec CEO Danny McCoy and Irish Times columnist and technology entrepreneur Chris Horn, join Ciaran Hancock to look ahead to the next 12 months.

Posted on December 22, 2017

Cliff Taylor joins Ciarán Hancock to discuss what led to Ireland having Europe's fastest growing economy in 2017. Also casting a glance back at the year that was, Laura Slattery chronicles the ups and downs at RTÉ, Mark Paul reviews the extraordinary goings on at Independent News and Media, while Dominic Coyle and Joe Brennan have the latest on the ongoing tracker mortgage scandal and what might happen next.

In the second part of the show, Sport Ireland CEO John Treacy is this month’s guest on the Business of Sport, co-hosted by Mick O’Keeffe of Teneo PSG.

Posted on December 21, 2017

Five storey investment anchored by Molton Brown will likely sell for more than €9m guide.

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