Irish Life

Ireland's largest life and pensions business

Founded

1939

Parent

Great-West Lifeco (Canada)

Assets under management

€110bn+

Regulated by

Central Bank of Ireland

About Irish Life

Irish Life is the largest pensions and life assurance provider in the country by a significant margin, with over €110bn in assets under management. Owned by Canadian holding company Great-West Lifeco since 2013, it offers the broadest range of pension and PRSA products on the Irish market, including the well-known MAPS (Multi-Asset Portfolio) range, the Empower PRSA, and a series of passive indexed funds at some of the lowest charges available.

Strengths

Scale: the largest fund complex in the Irish market means competitive charges on passive funds, with the Indexed World Equity fund at 0.50% AMC.
Product breadth: PRSA, personal pension, company pension, ARF and annuity — all available from a single provider.
ILIM (Irish Life Investment Managers) runs large chunks of the asset management in-house rather than outsourcing.

Watch-outs

Active multi-asset funds (MAPS range) charge 1.00% AMC — fair but not cheap by international standards.
Default lifecycling strategies can de-risk earlier than some savers would choose; always check the glidepath.

Flagship funds

Irish Life funds we track

Illustrative data — always consult the latest provider factsheet before making an investment decision.

Fund	Type	Risk	AMC	5yr p.a.	10yr p.a.	Size
MAPS 4	Pension	Risk 4/7	1.00%	+7.8%	+7.2%	€4200m
MAPS 5	Pension	Risk 5/7	1.00%	+9.1%	+8.5%	€3100m
Indexed World Equity	Pension	Risk 5/7	0.50%	+11.2%	+10.4%	€2800m
Empower SustainableESG	PRSA	Risk 5/7	0.75%	+8.4%	—	€420m

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