Irish Life websites
Irish Life Health
Welcome to Ireland’s newest health Insurer, Irish Life Health. Bringing fresh options and innovation to the health insurance market.
Irish Life
Irish Life the largest life and pensions group and fund manager in Ireland, employing 2,000 people and servicing one million customers.
Irish Life Investment Managers
Managing assets in excess 39bn, ILIM manages money on behalf of multinational corporations, charities and domestics.

News - Irish Life Corporate Business

Posted on July 01, 2016

Brexit special: A roundtable discussion of the permutations for Irelands's economy following the shock result of last Thursday's referendum. What should Ireland do going forward? What, if any opportunities does it present for our economy?

Posted on June 24, 2016

Winnipeg, June 24, 2016…Great-West Lifeco Inc. today released the following statement on the U.K.’s June 23 vote to leave the EU:

“We will continue to work closely with our U.K. based customers, business partners and regulators over the next few years as the U.K. and the EU enter a period of negotiation and agree on their new relationship,” said Paul Mahon, President and CEO of Great-West Lifeco.

“Our companies in Europe have strong, stable businesses and a diversified investment portfolio. They are appropriately capitalized. We remain committed to these markets,” Mr. Mahon said.

“We have undertaken an in-depth analysis of the potential risks to our businesses, and notwithstanding the potential for increased market volatility and uncertainty that may arise, our businesses are resilient and we maintain significant financial flexibility."

About Great-West Lifeco in Europe
We have a long-established presence in the United Kingdom through Canada Life since 1903 and we are committed to maintaining and building our businesses in the U.K.

Additionally Great-West Lifeco’s group of companies have deep roots in Europe through Irish Life, established in Ireland more than 75 years ago; through Canada Life in Germany for more than 15 years; and through our reinsurance businesses.

Posted on June 23, 2016

Part 1: Cliff Taylor is joined by Irish Times columnist Chris Johns and economist with Merrion Capital Alan McQuaid to discuss the ramifications for national and world markets should the Brexit vote pass. "Clearly politicians can't be trusted to make capital spending decisions", the just released Summer Economic Summary has largely positive overtones but the Business podcast are not fully convinced.
Part 2: A $17.4 million backgammon win has resulted in Irish businessman JP McManus butting heads with the I.R.S. stateside, Business Affairs Correspondent Mark Paul gives us the lowdown.
 

Posted on June 22, 2016

Department of Finance announce change in retirement options for PRBs arising from DB schemes

From 22 June 2016, Revenue practice for retirement options on Personal Retirement Bonds from Defined Benefit (“DB PRB”) has changed.

Previously, DB PRB holders had to take benefits under the ‘traditional’ formula of:

  • a lump sum based on salary and service and
  • the remainder to purchase an annuity.

However DB PRB holders now have access to the ‘alternative’ retirement options which allow for:

Posted on June 17, 2016

On this his farewell podcast, Arthur Beesley welcomes Minister for Public Expenditure and Reform Paschal Donohoe to discuss this year's budget, the public's expectations amid a positive economic climate and the fiscal challenges this government faces should Britain vote to leave the EU.

 

Posted on June 13, 2016

Irish Life has partnered with MorganAsh to provide tele-interviews to help our Enhanced Annuity customers at retirement.The calls are conducted by trained nurses. The tele-interview service is a support to the online system. The online application process is still the quickest way to get upfront quotations and should continue be used for more straightforward cases.

Posted on June 10, 2016

Part 1: Once we found our Irish sports on RTÉ and most foreign games on BBC or Sky, but things are changing. Irish Times media maven Laura Slattery reports on the shifting landscape of sports broadcasting rights.

Posted on June 09, 2016
Currently retirement readiness depends heavily on the State Pension. It is projected that the State Pension will become unsustainable in its current form due to demographics. *
Irish Life EMPOWER aims to achieve better outcomes at retirement for members so that they will have an adequate pension whether the State Pension is available or not. This article will discuss how Irish Life EMPOWER can benefit employees when it comes to saving for their retirement.
Posted on June 09, 2016
Trustee duties fall under two main headings. They are:
 
1. Duties under Trust Law.
 
And
 
2. Duties under the Pensions Acts. 
Posted on June 08, 2016

Irish Life, the leading provider of income protection benefits in Ireland*, paid out over €53 million to people who were unable to work due to illnesses or injuries during 2015. An analysis of Irish Life’s claims data provides a valuable insight into the health of the working population, and includes a breakdown of the illnesses and conditions that led to over 3,000 Income Protection claims being paid in 2015. 

Pages