New Ireland

Bank of Ireland's pensions arm

Founded

1918

Parent

Bank of Ireland Group

Assets under management

€20bn+

Regulated by

Central Bank of Ireland

About New Ireland

New Ireland Assurance is one of the oldest life offices in the country, tracing back to 1918, and has been part of Bank of Ireland Group for several decades. Its modern product set is built around the iFunds multi-asset range and the newer Passive IFML range — the latter offering low-cost passive exposure at 0.55% AMC, which is competitive against Irish Life's indexed funds.

Strengths

Passive IFML 5 at 0.55% AMC is one of the cheaper passive multi-asset options on the Irish market.
iFunds clearly banded by risk level (3 through 6+), straightforward for advisers and clients to position.
Backing of Bank of Ireland Group provides significant distribution reach.

Watch-outs

Brand awareness is lower than Irish Life or Zurich, though the products are competitive.
Some older legacy pension plans with higher charges remain — always check whether your plan is on the current charging structure.

Flagship funds

New Ireland 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
iFunds Multi-Asset 3	Pension	Risk 3/7	0.80%	+5.4%	+5.1%	€900m
iFunds Multi-Asset 5	Pension	Risk 5/7	0.80%	+9.2%	+8.4%	€1300m
Passive IFML 5	PRSA	Risk 5/7	0.55%	+10.6%	—	€680m

Compare New Ireland against every other Irish provider.

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