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 →
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 →
Majority of Irish people are saving again, but unaware of potential extra value in pensions
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64% of Irish people have savings, but a third claim to have no savings at all
More women are saving compared to men (67% versus 59%)
43% of people who save put away over €100 a month
42% of consumers who intend to start saving could afford to save €80 to €100 a month*
Ireland’s saving habits have been revealed in recent research* by Irish Life. Just under two thirds of Irish people are actively saving and have some savings, and in contrast, a third of… Continue reading →
"Life Choir" - Second overall at the National Workplace Choir of the Year competition
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Our staff choir, the "Life Choir", had a fantastic achievement recently, coming second overall at the National Workplace Choir of the Year competition, run in association with Lyric FM and held in University Concert Hall, Limerick.
Out of 20 choirs competing, Life Choir beat off stiff competition from groups from NTMA and Primark and a number of hospitals and other public sector groups. The result was particularly admirable as this was the choir's first competitive outing… Continue reading →
More than half of working adults in Ireland say they do not have a company pension plan available
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New research* conducted by Irish Life gives an insight into the pension status of Ireland’s workforce. Just 46% of working adults say there is a company pension plan available for them at work and, where there is such a plan, 76% of people are saving into a company pension.
Nearly half of all workers who make savings into a group pension plan (49%) are aware of the amount that their employer pays into the plan. From the research, younger workers seem more aware of their contribution levels… Continue reading →
Shortlisted for the All Ireland Marketing Awards
Posted onWe are delighted to announce that we have been shortlisted in the Corporate Social Responsibility category for the All Ireland Marketing Awards.
So watch this space and check out our award wins here.
Annual renewal cycle of a DC scheme - Infographic
Posted onWe have developed an infographic guide that shows the regular steps in the annual renewal process of a Defined Contribution (DC) scheme.
We have set out the various steps in the process that both Irish Life as well as the trustees and employer must complete during a year to meet compliance obligations.
Click here or on the image below for the guide in PDF format.
Trends in the pensions, investment and health insurance sectors
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Ireland’s population of over 65s will grow by 200,000 over the next ten years. The implications of this ageing population for retirement and healthcare was discussed by Irish Life at Tuesday's media briefing looking at trends in the pensions, investment and health insurance sectors.
… Continue reading →
Irish Life Staff Charities raised 344,000 in 2016
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We are delighted to announce that Irish Life Staff Charities has donated a phenomenal total of €344,000 to two Irish charities this year. The funds have been raised through various fundraising initiatives undertaken throughout the year.
Each year, the Irish Life Staff Charities committee shortlists a number of Irish charities to receive donations collected throughout the year, and the final two are selected by Irish Life employees. This year, the charities chosen were The Down… Continue reading →
