We are at the leading edge of pension technology and innovation
Irish Life Corporate Business has a long tradition of introducing innovation to pensions in the Irish market. We were the first Irish provider to introduce:
• Defined Contribution pensions
• Indexed investment funds
• An online pension presence
Source: Irish Life Corporate Business
We continue to be at the leading edge of pension development in Ireland. The following innovations show our commitment to delivering market leading products and services.
Pension Planet Interactive
Pension Planet Interactive is a market leading online platform with access for consultants, employers, trustees and members to administer corporate pension scheme arrangements. Pension Planet Interactive is highly valued by our customers and has won prestigious industry awards.
It offers comprehensive information on pension plan details and investments as well as a wide range of online administration tools, for example the functions to process leaving service options and add or update member details. All tools and information are tailored to the specific access levels of members and administrators.
Irish Life EMPOWER
Irish Life EMPOWER is a simple app designed to help you plan for your retirement. It’s your individual pension calculator on the go and lets you take control of your pension. This app will also help you to stay up to date with the progress of your pension and offers lots of useful information about your plan and investment details. iPhone/iPad users can go to the Apple Store to download Irish Life EMPOWER, Android users can download the app from the Google Play Store.
Personal Lifestyle Strategy (PLS)
Our Personal Lifestyle Strategy is a genuinely innovative investment solution for pension members. While better protecting members’ pension fund values against market fluctuations throughout life, it also dynamically directs members’ investments into appropriate funds to best match their likely retirement benefits. No other pension investment strategy in Ireland has this capacity for a truly personalised solution.
Once and Done Underwriting Approach
Irish Life Corporate Business were the first Irish insurer to introduce “Once and Done” underwriting to the Group Risk market. This is a fresh approach to underwriting for high earners which minimises the underwriting they need to do throughout their life. They are underwritten “once” and they are “done” for life (up to jumbo limits). This differs radically to the old approach when customers had to be sent for medical examinations every few years.
