Please note that our Ulster Bank accounts are now due to close. It is important to understand that Irish Life may not have any visibility of or receive notification of any payment made to our Ulster Bank accounts after 5^th May 2023. Therefore, it is important to be mindful of regulatory requirements and employer responsibility around the remittance of monthly pension contributions and to ensure all payments are made to the correct Irish Life account with AIB.

As you may know, both Ulster Bank and KBC are exiting the Irish market. Irish Life currently bank with Ulster Bank but will be changing providers and banking with AIB going forward.

You might have received a communication from Irish Life noting that our new AIB bank accounts are now open and that if you make payments to Irish Life such as monthly pension contributions or risk premiums, these should now be made to our new AIB accounts.

Below you will see the Ulster Bank accounts currently in use and the corresponding new AIB account that will be replacing the existing bank account. It is important to check the Ulster Bank account that you currently make payments to and update these details to the corresponding AIB account for future payments.

Pension Payments

Risk Premium Payments

Note: Our current Ulster Bank accounts are scheduled to close on 5th May 2023, and any payments to these accounts after this date may be rejected by Ulster Bank.”

Please note that from 5^th May 2023, Irish Life may not have any visibility of or receive notification of any payment made to the current Ulster Bank accounts. Therefore, it is important to be mindful of regulatory requirements and employer responsibility around the remittance of monthly pension contributions and to ensure payments are made to the correct Irish Life account with AIB.