Trends in the pensions, investment and health insurance sectors
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Ireland’s population is ageing fast and at twice the EU average, with only one in four adults planning towards a specific level of retirement income. The need for a collaborative approach to address this issue was discussed by Irish Life at our recent media briefing looking at trends in the pensions, investment and health insurance sectors.
David Harney, Chief Executive, Irish Life Group, said that key lessons from international experience indicated that… Continue reading →
Sharp fall in self-employed savers despite record level of contributions
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Millennials and gig economy workers face a pension squeeze in retirement despite the latest government efforts to prepare the public for their old age, with more than a third of the workforce still under-saving.
The Department for Work and Pensions published an analysis on Sunday saying 900,000 extra people would be drawn into workplace pensions after 18 to 21-year-olds were automatically enrolled by their employers from the mid-2020s. The DWP also said it would scrap an arrangement that sees… Continue reading →
You should work for longer to get a higher pension - OECD
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Published in: Irish Independent
Workers who stay in employment beyond 66 would defer the full pension but claim higher payments when they finally do retire under a scheme outlined by the OECD.
The international think tank warns the Irish pensions system is too "basic" and should offer more flexible payments.
These would offer lower payments for those who keep working beyond 66, with the reward that they would receive higher benefits once they are fully retired.
'Pensions at a Glance… Continue reading →
How to measure the success of workplace wellness programmes
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From yoga classes and fruit drops, to weight loss programs or health screenings, corporate wellness initiatives are now commonplace across businesses of all kinds and scales, throughout all industries, with 9 out of 10* organisations now offering at least one program.
Often, however, these wellness initiatives come at quite a cost, of course, with any investment there must be some measurable return to justify the expense.
But with workplace wellness, the results aren’t always tangible.… Continue reading →
How 'nudge theory' can improve pension provision
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Published in: The Irish Times
An element of behavioural science is nudging people towards better pension provision, says Sean Egan, Head of Sales at Irish Life Corporate Business.
“Getting people to engage with pensions can be hard for human resources and benefits managers,” says Sean Egan, Head of Sales at Irish Life Corporate Business. These are the people that typically offer employees a menu of “flex benefits” to choose from, including income protection,… Continue reading →
Life, Savings & Investments an Irish Life Overview of the Budget 2018
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Capital Acquisitions Tax (CAT)
There have been significant changes to the CAT (gift and inheritance tax) legislation over the last number of years, starting with the substantial reduction of the tax free thresholds and an increase in the tax rate to 30% in 2012.
Recently, some of the ‘more popular’ reliefs and exemptions have also been amended to restrict their usefulness. Most notably the relief for agricultural property which was altered to ensure that it can only… Continue reading →
An outlook on pensions by Tony Lawless
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Tony Lawless, Managing Director, Irish Life Corporate Business
Finance. You might be pretty clued-in, but have you ever wondered how savvy we are as a nation? The answer is not very, if the research we carried out is anything to go by. We want to help change that.
The research we commissioned found that many Irish adults are struggling to understand personal finances and pensions in particular.
Take retirement. We all know it’s coming, but how… Continue reading →
Research highlights the frequency of smartphone usage in Ireland
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90% of Irish adults own a smartphone. As well as to make calls, most people use their phones to check emails (87%), social media (71%) and news/weather (67%)*
28% of people check their phone all day everyday*
79% of Irish people check their phones using public transport*
12% of people admitted to checking their phones while driving*
Recent research* conducted by Irish Life gives an insight into the ownership of smartphones in Ireland. The research showed that nearly… Continue reading →
Irish Life Staff Charity Abseil Event
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More than 120 Irish Life staff abseiled down the front of the iconic Irish Life head office building in July 2017 – raising over €100,000 for this year's selected Irish Life Staff Charities.
Our chosen Charities for 2017
MS Ireland
MS Ireland is focused on providing timely, person-centred services that create independence and choice for those with MS and their families. They provide… Continue reading →
Capital Protection Fund Update August 2017
Posted onIn August 2017 we are making changes to the availability of Irish Life’s Capital Protection Fund.
The Capital Protection Fund is currently closed to new Single Premium investments. Existing customers cannot switch their existing investments into the Capital Protection Fund or invest a new Single Premium in the fund.
These restrictions apply to existing funds invested with Irish Life and to new funds invested in the future.
An existing investor can of course switch… Continue reading →
