News - Irish Life Corporate Business
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.
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.
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.
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
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.
