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Company Pension Plans

Irish Life Corporate Business is Ireland's leading group pension provider. Every year we pay out more pension benefits to Irish people than anyone else, apart from the State. We offer a wide range of company pension products from Defined Contribution and Defined Benefit to PRSAs, AVCs, PRBs and Annuities. The products we offer are on a group basis and help reduce the cost of setting up a number of individual policies.

We aim to make the administration on each pension scheme we set up easy for you. Our goal is 'right first time, right every time'. We constantly review and re-evaluate how we do things in order to provide the best possible service on any of our group pension schemes.

We provide the following scheme services to our clients as standard:

1. Pension Scheme & New Member Set Up Services

  • Transfer of records from a previous pension arrangement
  • Set up new entrants records
  • Issuing of welcome pack and our member-friendly booklet
  • Registration with Pensions Board as Registered Administrator (where required)
  • Request Revenue approval

2. Payment Processing Services

  • Application of payroll software
  • Collection & processing of payments
  • Issue tax certificates (where required)

3. Investment Fund Services

  • Apply up to 6 free switches a year
  • Management of lifestyle strategies
  • Provide monthly investment reports

4. Online Services

  • Provide online access for members, trustees & employers through our unique Pension Planet Interactive system
  • Supply regular investment information through our online monthly and weekly investment updates

5. Member Communication Services - planning for retirement

  • Carry out work-site member communication sessions and issue pension funding information in the form of ‘traffic light’ letters, to indicate each member’s expected level of retirement provision
  • Conduct one-to-one sessions with members to ensure full understanding of their pension scheme details and contribution levels
  • Issuing of Statements of Reasonable Projections & Annual Benefit Statements
  • Telephone support through our Pension Phone system

6. Pension Benefit Services

  • Issue options for members who are retiring or leaving
  • Process death & disability claims

7. Trustee Support Services

  • Supply Trustee reports
  • Complete Abridged Trustee report
  • Attend & participate in trustee meetings
  • Provide trustee training
  • Deliver trustee administration reports
  • Report to clients, brokers and trustees on the 21 day rule

8. Legal Services

  • Provide regular legislative and regulatory updates
  • Record and liaise with solicitors on Pension Adjustment Orders

 

WARNING: If you invest in this product you will not have any access to your money until your retirement date.

WARNING: The value of your investment may go down as well as up.

WARNING: The income you get from this investment may go down as well as up.

WARNING: The value of the fund may be affected by changes in currency exchange rates.

WARNING: If you invest in this product you may lose some or all of the money you invest.

Irish Life Assurance plc is regulated by the Central Bank of Ireland.

In the interest of customer service we may record and monitor calls. Irish Life Assurance plc, Registered in Ireland number 152576, Vat number 9F55923G.

Irish Life Assurance is part of the Irish Life and Permanent Group. Registered office is situated at Irish Life Centre, Lower Abbey Street, Dublin 1.

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