In This Issue
Moving away from Cheques
Pension Planet Interactive
State Pension Age
Irish Pension Awards
Check out our blog
Why are we here?


It is an age old question that has dumbfounded philosophers for thousands of years – the answer remains as elusive as it ever was.

Cormac Donnelly attempts to answer this question in his article on our blog.

Click here to read more.

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Update
Moving away from Cheques
Defined Contribution Pension Payment Method

From 1st October 2013, Irish Life Corporate Business will no longer accept cheques for payment of Defined Contribution (DC) regular pension contributions. We will however continue to accept once-off payments by cheque.

In Corporate Business we are moving away from both issuing cheques and receiving cheques. Over the next few months we will amend all our processes starting with monthly cheque receipts.

We believe there are better ways of investing pension contributions for plan members and feel it is an appropriate time to move to a more efficient option for our clients. To support this change, we have a number of options that you can review to both make your payment and to submit your monthly breakdown.

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Pension Planet Interactive
Process Leaving Service Options online at the the touch of a button
 
Pension Planet Interactive

We would like to remind Pension Administrators that you can process leaving service options online at the touch of a button for Defined Contribution members.

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State Pension Age
Changes coming in from 1st January 2014
 
State Pension Age


From 1st January 2014, the age at which employees qualify for the State Pension will change from 65 to 66.

For members who are planning to retire in 2014 age 65, there will be a one year gap in retirement without the income of a State Pension. It is important that employees are aware of this change. You should ensure that scheme members approaching retirement age are fully informed about this change.

Further changes are due in 2021 when the qualifying age for the State Pension will change to age 67 and again in 2028 when the age at which employees will qualify for the State Pension will reach age 68.



Irish Pension Awards
Taking place on 27 November
 
Irish Pension Awards

Now in its second year, the Irish Pensions Awards will take place on 27 November 2013. The awards aim to recognise those pension providers, investment firms and consultancies who have proved their excellence, professionalism and dedication to maintaining high standards of Irish pension provision. Needless to say, we are very proud to have been shortlisted for the following categories:
  • Pension Scheme Administration of the Year
  • Communication Award
  • Innovation Award.
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