News - Irish Life Corporate Business
With effect from 19 March 2020 Irish Life is introducing a six-month notice period for all switching and encashments requests from the Property Funds.
This means any request to encash (fully or partially) or switch (fully or partially) from these Funds will be processed using the Fund prices at the end of the six month notice period from when the request was made. This does not apply to death claims or normal retirement benefit claims.
Women have to make sure they are not outflanked when it comes to getting a fair deal, writes Eithne Dunne
Women in Ireland start paying into their pension at about the same age as men, and direct, on average, the same proportion (11%) of their salary into it. Yet it is projected that, on retirement, their pots will be about €120,000 smaller than those of their male counterparts.
We are delighted to announce that Irish Life Staff Charities donated an incredible total of €365,000 to two Irish charities. The funds were raised throughout 2019 by employees through various fundraising initiatives undertaken and the amount was then matched by Irish Life to reach this final total.
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 -
