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Irish Life Health
Welcome to Ireland’s newest health Insurer, Irish Life Health. Bringing fresh options and innovation to the health insurance market.
Irish Life
Irish Life the largest life and pensions group and fund manager in Ireland, employing 2,000 people and servicing one million customers.
Irish Life Investment Managers
Managing assets in excess 39bn, ILIM manages money on behalf of multinational corporations, charities and domestics.

Defined Benefit Pension Schemes

Defined Benefit Company Pension Plans

A Defined Benefit (DB) company pension scheme gives members a pension when they retire. It is based on the numbers of years service and their salary, as defined in the scheme rules.

We offer a one-stop Defined Benefit company pension package. All the services required to run a Defined Benefit company pension plan are under one roof i.e. pension administration, actuarial services, fund management and life assurance cover.

Our flagship Defined Benefit Administration and Actuarial Service is the key to a single source for all the requirements of your defined benefit pension scheme:

The advantages of our Defined Benefit service offering include:

  • Single source - all Defined Benefit requirements taken care of in one place
  • Fully compliant – all of the services we deliver will meet compliance requirements
  • Low costs - we keep pension servicing costs down
  • Freedom - the key decision makers are free to focus on their core business competencies
  • Worry free - all regulatory and accounting deadlines satisfied
  • Streamlined service - due to our significant investment in both systems and processes
  • Flexibility – you can choose which particular services you require from the package

Features of our Defined Benefit Administration and Actuarial Service

DB Pension Administration Services

  • Registered Administrator service
  • Preparation of annual pension scheme renewals
  • Documentation Services
  • Abbreviated Trustee Annual Reports
  • Communication and administration of all benefits paid by the pension scheme
  • Pensions Authority annual fee payment
  • Pension scheme wind-up services
DB Actuarial Services

  • Full range of actuarial advice to both employer and trustee
  • Regular client meetings
  • Three yearly actuarial reviews
  • Actuarial funding certificates
  • Annual actuarial statements
  • FRS17 and IAS19 accounting figures
  • Pension funding proposals
  • Benefit improvement/reduction work
  • Pension scheme wind up calculations and advice

For more information please contact:

Enda Walsh

Head of DB Operations

Call: 01 704 2155

Email: enda.walsh@irishlife.ie

 

WARNING: If you invest in this product you will not have any access to your money until your retirement date.
WARNING: The value of your investment may go down as well as up.
WARNING: The value of the fund may be affected by changes in currency exchange rates.
WARNING: If you invest in this product you may lose some or all of the money you invest.
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