News - Irish Life Corporate Business
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.
Women have to make sure they are not outflanked when it comes to getting a fair deal, writes Eithne Dunne
Women in Ireland start paying into their pension at about the same age as men, and direct, on average, the same proportion (11%) of their salary into it. Yet it is projected that, on retirement, their pots will be about €120,000 smaller than those of their male counterparts.
We are delighted to announce that Irish Life Staff Charities donated an incredible total of €365,000 to two Irish charities. The funds were raised throughout 2019 by employees through various fundraising initiatives undertaken and the amount was then matched by Irish Life to reach this final total.
Irish Life recently responded to a series of the consultation papers on pensions setting out our vision for a new retirement landscape for Ireland. We travelled to New Zealand to further review their KiwiSaver Auto Enrolement scheme.
ILIM & Setanta are winners!
Big congratulations to our colleagues in ILIM for winning the Investment Manager of the Year award and Setanta for winning the Equity Manager of the Year award at the Irish Pensions Awards.
Irish Life’s offices will close for the Christmas period on Tuesday, 24 December 2019 at 12pm and will re-open on Thursday, 2 January 2020.
Read this news item to find out what this means for you, depending on the method you use for paying regular contributions.
Move to reduce Cheque Payments from 1 January 2020 in respect of Defined Contribution, PRB and PRSA Claims.
