Getting Auto Enrolment Pensions Right First Time
Posted onMind the Gap - Latest pension auto-enrolment model is a gender imbalance minefield
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… Continue reading →
Registered Administrator 2022
Posted onThe 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.
Every pension scheme established under a Trust must have an authorised Registered Administrator to maintain records necessary for the preparation… Continue reading →
Irish Life Staff Charities Update 2022
Posted on2021 was another record-breaking year of generosity and fundraising efforts from everyone in Irish Life. Despite not being able to run any in-person events due to Covid-19, Irish Life staff still pulled together and ran several initiatives for our Staff Charities, including Fantasy Football and Golf and many other virtual fundraisers.
To end the year, we had an amazing virtual gig with Imelda May and the total raised for our 2021 charities was announced. The Staff Charities Committee handed… Continue reading →
Irish Life Staff Charities Update 2023
Posted onEvery year Irish Life employees raise funds for two chosen charities. Started in 1995, Staff Charities and our employees have raised a total of €4million. As well as annual fundraising events and taking part in MyLife challenges, 1000 Irish Life employees donate via salary deduction every month, raising €130k annually. This year's Irish Life charity partners are Child Vision and The Gavin Glynn Foundation. In 2021, the total donated was €414,000 between two charities: … Continue reading →
Pensions Authority: Increase of member fees for occupational pension schemes
Posted onWith effect from 1 January 2022 the Pensions Authority fees for members have increased.
Click here for the information that was published by the Pensions Authority.
Click here or on the image below to find out more.
Changes to Leaving Service Options - Finance Act 2021 Update
Posted on
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.
Find out more by downloading the document here.
What has changed?
Retirees will see a few changes to their retirement options this year. Approved Minimum Retirement Funds (AMRFs) are no longer available and a number of requirements to invest in Approved Retirement Funds (ARF) have… Continue reading →
Contract Charge Review 2021
Posted onNo Action Required
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… Continue reading →
Irish Life Staff Charities Update 2021
Posted onWe 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.
2021 has shown another record-breaking year of generosity and fundraising efforts from everyone in Irish Life. Despite not being able to run any in-person events again, Irish Life staff still… Continue reading →
Winners of the Excellence in DC Award 2021
Posted on
We are delighted to share the news that Irish Life Corporate Business is a winner at the Irish Pension Awards 2021!
We were absolutely thrilled to retain the Excellence in DC Award, and are so proud of all the amazing people across the business that made this possible. This back to back win is a direct result of the ambition, expertise and dedication we have as a team.
Helping members build better futures is a critically important goal for us as a… Continue reading →
Fund Factsheets updated with ESG information
Posted onIrish Life Investment Managers (ILIM) are committed to sustainability in pension investment and are leaders in Responsible Investment in Ireland. ILIM’s approach of exclusions, integration and engagement is making the difference today to deliver a better, more sustainable tomorrow.
What is new?
We understand that you want to see measures and metrics to help understand how the ILIM investment strategies are rated within an ESG context. To address this, a lot of work has been done in the… Continue reading →
