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News - Irish Life Corporate Business

Posted on November 04, 2016

We look ahead to the presidential election and ask whether a President Trump or a President Clinton would best serve Irish interests in trade, foreign direct investment, the peace process and dealing with undocumented migrants. On the panel are former Taoiseach John Bruton, American economist Megan Greene and NUIG lecturer and Boston native Larry Donnelly.

Posted on October 28, 2016

Mark Paul paid a visit to Athenry in Galway to find out about Apple's proposed data centre there and a legal challenge to it's development that has the local business community up in arms.

A proposed trade deal between Canada and the EU could be scuppered by the staunchly socialist Wallonia region in South Belgium. To look at the reasons for this we're joined by Suzanne Lynch and EU trade expert John Clancy.

Does the merger of AT&T and Time Warner signal a change in how their customers will watch content in the future? The $85.4 billion deal would bring 130 million mobile phone customers and 25 million pay-TV subscribers in contact with a vast amount of content - if allowed go through. Laura Slattery explains.

Posted on October 25, 2016

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.

Posted on October 20, 2016
Michael O'Leary remains bullish in the face of falling sterling with promises to pump a million seats month into weak winter market and 15% price reductions. Head of broking at Goodbody Stockbrokers Joe Gill and markets correspondent Joe Brennan join host Cliff Taylor to discuss the strange scenario of Ryanair issuing profit warning while seeing a 5% rise in their stock.
 
Posted on October 15, 2016

Biggest corporate Hell & Back event held in Ireland so far

Nearly 300 Irish Life staff braved Hell & Back in September in an effort to raise money for the two nominated charities for this year: the Down Syndrome Centre and the Laura Brennan Charitable Trust.

Irish Life is delighted to announce that an amazing €110,000 was raised in the event.

Karl Henry, the brand ambassador for Irish Life, praised the effort:

This is a phenomenal outcome for the charities and it’s also a proof of what workplace fitness events can achieve for mental wellbeing, morale and camaraderie amongst staff. It was a tough challenge and fun day that everybody involved will remember for a long time to come. Well done Irish Life staff!

 

Posted on October 13, 2016

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 we  impact and depend upon is now an important consideration for all businesses.

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 of the progress that we have made to date and look forward to building on these strong foundations as our business continues to grow.

Read our Corporate Social Responsibiltity Report

Posted on October 12, 2016

Budget 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 on this matter.
  • The tax free thresholds for Capital Acquisitions Tax have been increased. In particular the Class A Threshold (applying to children inheriting from parents) has been increased from €280,000 to €310,000. Class B and C have been increased marginally.
  • There has been a reduction of 0.5% in the three lower USC rates.

We will of course review the Finance Bill when it is published to see if it contains any unannounced changes in the pension area.

Posted on October 10, 2016

Host Ciarán Hancock and Markets Correspondent Joe Brennan are joined on the line by BBC business reporter Joe Lynam to get the latest understanding of short and long-term impact of Brexit. The drop in sterling aside, the much-anticipated "short, sharp shock" hasn't quite materialised. What is the current mood among the Conservative party, and what awaits Britain and Ireland after Article 50 of the Lisbon Treaty is invoked next March?

Posted on September 30, 2016
The domestic tourism industry has experienced strong growth in the last two years and now provides one eighth of all jobs in Ireland. Initiatives like the Wild Atlantic Way and the 9% VAT rate applicable to some in the industry have helped. On today's programme, Business Affairs Correspondent Mark Paul takes to the road to speak with operators around the lesser-visited parts of the country to see how things are going.
 
Back in studio, Mark and Ciarán are joined by practitioners Travis Zeray of Clew Bay Bike Hire, Joan Reilly of Doolin 2 Aran Ferries, and also Eoghan O'Mara Walsh of Irish Tourism Industry Confederation to discuss what more can be done by the state and the industry to continue the good work.
 

Posted on September 26, 2016

I’m delighted to be following David Harney in the role of Managing Director. I’ve worked in Irish Life for over 25 years, but never directly in Corporate Business, so it will be an exciting challenge.

In Corporate Business, we want to ensure that your members get the best benefits possible. To do this, we will work very hard with you, your employees and trustees

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