News - Irish Life Corporate Business
The latest episode of the David McWilliams Podcast features our own Sandra Rockett - Director of Wealth & Corporate Distribution Irish Life Investment Managers aiming to inform the people of Ireland about the crucial link between pensions and the planet.
Market Value Adjustment (MVA) to the Secured Performance Fund and the Capital Protection Fund
Current Market Value Adjustments (MVA)
- With effect from 6 October 2022 the Market Value Adjustment (MVA) for the Capital Protection Fund is 3% of the published price.
- With effect from 23 December 2013 the Market Value Adjustment (MVA) for the Secured Performance Fund is 0% of the published price.
You get one chance to get it right first time.
The Government is embarking on a progressive and positive reform programme which will a see an Automatic Enrolment Retirement Savings System introduced in Ireland. As it says on the tin, the aim of Auto Enrolment is to make the decision for workers to save for a pension easier. It also makes it easier for employers to offer colleagues a workplace pension.
The Pensions Act requires every pension Trust to appoint a Registered Administrator for their schemes and for the Registered Administrator to re-register annually with the Pensions Authority.
Irish Life will be completing the Registration with the Pensions Authority in September 2022 for the schemes that we will be the Registered Administrator for.
We are very excited to announce our two chosen charities for 2022, Alzheimer’s Ireland and Women’s Aid.
The Irish Government published design principles for their newly proposed Auto-Enrolment (AE) Retirement Savings Scheme.
With effect from 1 January 2022 the Pensions Authority fees for members have increased.
The Finance Act 2021 which was signed into law in December 2021 and brings a number of changes to benefit options for retirees in 2022.
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 are delighted to announce that Irish Life Staff Charities donated an incredible total of €414,000 to two Irish charities.
The funds were raised throughout 2021 by employees through various fundraising initiatives undertaken and the amount was then matched by Irish Life to reach this final total.
