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Under the terms of our Defined Contribution (DC) group scheme policy conditions, Irish Life Corporate Business may apply a standard member contract charge in respect of each scheme member.

Corporate Business carry out an annual review of the contract charge to ensure it remains appropriate taking account of such things as price inflation and changes in the general business environment. The last change to the standard member contract charge was applied in 2019.

We have concluded our 2021 review and are pleased to advise that we have decided to leave the standard member contract charge unchanged for 2022.

We will continue to review this charge in future at our discretion and will consider, amongst other things, the general rate of inflation since the last increase.