News - Irish Life Corporate Business
We are delighted to announce that Irish Life Staff Charities donated an incredible total of €370,800 to two Irish charities. The funds were raised throughout 2020 by employees through various fundraising initiatives undertaken and the amount was then matched by Irish Life to reach this final total.
As had already been announced by Government, legislation was passed to keep the State Pension age at 66.
Corporate Business takes home the award of Excellence in DC at the Irish Pensions Awards 2020.
The emphasis now on Defined Contribution pension schemes means trustees, pension providers and financial advisers must adapt to this change and look for new ways to help people plan for their future, writes Sean Egan, Director – Corporate Partnerships, Irish Life Assurance plc
In recent months, economic uncertainty arising from the Covid-19 virus has increased the level of withdrawals from Property funds and created some market uncertainly around property valuations.
Investing in a resilient future: Climate Finance Week Ireland 2020
A lot is happening in the crucial area and we want to share news and information from this event with you.
The State pension age was due to change to 67 from 2021 and to 68 from 2028.
However, these changes have been deferred pending the report of the Commission on Pensions due June 2021 and any subsequent Government decisions on its recommendations. While the current political atmosphere is not favourable to any increase in the State Pension age, the long term affordability of the State Pension remains a challenge.
In recognition of the challenges being experienced by businesses and tax practitioners arising from the COVID-19 crisis, Revenue announced an extension to the Pay & File deadline for self-assessment income tax customers from 12 November to Thursday, 10 December 2020.
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.
