News - Irish Life Corporate Business
Irish Life recently responded to a series of the consultation papers on pensions setting out our vision for a new retirement landscape for Ireland. We travelled to New Zealand to further review their KiwiSaver Auto Enrolement scheme.
ILIM & Setanta are winners!
Big congratulations to our colleagues in ILIM for winning the Investment Manager of the Year award and Setanta for winning the Equity Manager of the Year award at the Irish Pensions Awards.
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
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.
Last December we announced changes we were making to our core PLS offering on our Defined Contribution) DC, (Personal Retirement Savings Account) PRSA and Personal Retirement Bonds (PRB) products. The changes outlined were implemented at the 1 April 2019.
