News - Irish Life Corporate Business
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 2020 for the schemes that we will be the Registered Administrator for.
The European Central Bank (ECB) introduced a regulation (2018/231) on statistical reporting requirements for pension funds in 2018. The Statistics Division of the Central Bank of Ireland is responsible for the collection, compilation and transmission of this statistical data to the ECB.
Our series of Trustee training webinars aim to keep Trustees up-to-date with current and relevant information and we will share Irish Life insights on key regulatory and current market challenges facing Trustees and their advisers in 2020.
We recently held the second in a series of trustee training webinars and have more sessions planned throughout August. Each session carries 0.5 hours CPD.
With the change in working environments we have adapted our processes for receiving PRSA application forms.
We now accept DocuSign to capture electronic signatures on PRSA application forms
Welcome to the Irish Life podcast series, Embracing Investments.
This is a regular series of conversations with key decision makers at Irish Life Investment Managers (ILIM) who will share their thoughts and insights on various investment related subjects.
We want to ensure our customers are kept up-to-date with the latest and most relevant information as it comes to hand. We will update this page continuously as the situation evolves.
26 March 2020: Market Value Adjustment (MVA) to the Secured Performance Fund and the Capital Protection Fund
Current Market Value Adjustments (MVA)
- With effect from 30 March 2020 the Market Value Adjustment (MVA) for the Capital Protection Fund is 0% 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.
We are closely monitoring this evolving situation. The safety and well-being of our customers, colleagues and our wider community is our priority at all times. Our business remains open with a focus on key customer services.
With effect from 19 March 2020 Irish Life is introducing a six-month notice period for all switching and encashments requests from the Property Funds.
This means any request to encash (fully or partially) or switch (fully or partially) from these Funds will be processed using the Fund prices at the end of the six month notice period from when the request was made. This does not apply to death claims or normal retirement benefit claims.
