News - Irish Life Corporate Business
The Difference in a Decade: Irish Life data shows potential pension gains with 10-year head start
-
Irish Life pension data shows the current age starting a company pension plan is 37 with 11.4% contribution rate on average
-
Potential boost in retirement income of 50%-120% if people started pension 10 years earlier
- “Younger for longer” trend emerging; average age of getting married and having children are on the rise and big decisions like pensions are being deferred
- Inertia is an issue - 29% say they just never get around to starting
A Bill compelling employers to publish data on their gender pay gaps received Cabinet approval this week; the team discuss the pros, cons and the impact this may have. Ciarán talks to John Browne, CEO of last year's winner of the Irish Times Innovation Awards as the deadline approaces; and IMF MD Christine Lagarde's visits Dublin.
Our new online budget planner is now available in Pension Planet Interactive.
How much will people need to live on in retirement?
Recent research shows that only 26% of people know what they are targeting to live on in retirement. 40% of people don’t know what to target and 34% say they are not planning for retirement at all. (Source: Coyne Research, December 2017)
Rip it up and start again - A whole new approach to tackle the housing crisis is what is needed, according to Orla Hegarty. Ciaran also speaks to David Duffy about his group's take-over of Virgin Money.
More than 150 employees from across Irish Life and Canada Life braved the Hell & Back course at Kilruddery House on Saturday 16 June for Irish Life Staff Charities.
All funds raised for the event will go to our staff charities of the year, the Irish Motor Neuron Disease Association (IMNDA) and Remember Us.
Economist Megan Greene talks to Cliff Taylor about market turbulence in Italy sparked by political upheaval. They also look at trade tensions between the US and China.
The IMF's urged the Government not to cut taxes in the upcoming budget, to protect against future fiscal shocks. DCU professor of economics Edgar Morgenroth, Cliff Taylor and Eoin Burke-Kennedy discuss why Finance Minister Paschal Donohoe would do well to heed the warning, contained in the fund's latest assessment of State’s economic performance.
The timber industry contributes about €2.3 billion to the Irish economy each year and supports 12,000 jobs in rural Ireland. But with some 78 per cent of the output exported overseas, the implications of Brexit are obvious.
A row has erupted over a controversial decision by Dun Laoghaire Rathdown county council to place land around Leopardstown racecourse on its Vacant Sites Register.
- 3,323 individual claims for Income Protection during 2017; on average claimants received €22,659
- Mental health and back pain were the main reasons for claims (20% each) followed by cancer (17%)
- Irish Life paid more than €1 million each week to people who were injured or too ill to work
- Between 2015-2017, 2,474 people who claimed Income Protection benefits have recovered sufficiently from their illness and returned to work
