News - Irish Life Corporate Business
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.
Irish Life has appealed to the Government to avoid excessive administrative bureaucracy and costs on smaller pensions schemes.
Ireland set to impose significantly more regulation and cost than other European countries
Oireachtas Committee to support a cost benefit analysis on implementation of IORPS II
Women in Ireland likely to retire poorer than men
- Irish Life report highlights Ireland’s ‘gender pension gap’ –
- At retirement age, Irish women likely to have a pension pot worth €120,000 less than men -
Irish Life Pre-Budget Submission urges incentives to save for families’ medium and long-term needs
- Pension auto enrolment plan must get priority
- Revenue neutral measure can make health insurance more affordable for many
We're very excited to be unveiling a major new Irish Life retirement planning advertising campaign. 3 out of 5 people approaching retirement don't know that they have a decision to take when they draw down their pension. We aim to make people approaching retirement age aware of this important decision - how to draw down their pension and get it working best for the lifestyle they want.
Now is the right time for Government to implement widescale and durable pension reform. Auto enrolment can be the catalyst for change which will benefit generations to come.
New research commissioned by Irish Life has indicated that support for the Government’s plan to make it automatic for everyone working to pay into a pension scheme is growing. Belief that auto enrolment would encourage more people to save for their retirement has grown from 84% in 2017 to 86% in May 2019.
In the interview David Harney discusses the IORPs Directives, highlights improvements needed on PRSAs. He also outlines his supports for auto enrolment and the need to nudge more private sector workers to save for retirement.
