Press releases

Our latest news and press topics

Thank you for wanting to know more about the news we share. To make it easy to keep up with the latest goings-on, we've compiled all of our latest media updates in one spot for you to browse and download at your leisure.

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Latest news

Almost half of people in Ireland say 25 – 29 is the ideal age for buying your first home

Almost half of people (46%) in Ireland believe that the best age to purchase a first home is between the ages of 25 – 29, over a decade younger than the national average of 39 years according to the most recent Central Statistics Office (CSO) data1. While one-third (36pc) deem the ideal age to be between 30 – 34, just 7pc consider the prime home-buying age to be between 35 – 39.

Should I opt out of a company pension scheme if I move to part-time work?

If moving from working full-time to part-time, it’s important to resist the temptation to stop paying into a company pension scheme, if financially possible. Instead, if a part-time worker can no longer afford to pay the same level of contributions into the scheme as they paid previously, they could consider reducing their contributions. Read more on this from Mark Reilly, Pensions Proposition Lead at Royal London Ireland.

How to stop late milestones eating into a pension

There are plenty of reasons, such as career progression and later marriages, why women and men in Ireland might decide to have children later in life. Similarly, buying a home later in life is not unusual today. However, having children and buying a home late in life can eat into your retirement income and could even mean having to work into retirement. Mark Reilly, Pensions Proposition Lead looks at some points to consider to reduce any potential impact reaching milestones later in life may have on retirement income.

67pc of Irish Public Say Buying a First Home is More Challenging Than Ever Before

A new research study commissioned by Royal London Ireland[1], one of Ireland’s leading life insurance and pensions companies, has found that two-thirds of Irish people (67pc) say that it is more difficult than ever before to buy a first home, while one in four (27pc) agree that while it’s difficult to get on the property ladder – this has always been the case.

67pc of Irish Public Say Buying a First Home is More Challenging Than Ever Before

Personal Finance: Nervous about investing? Following these rules should help

The stock markets can seem like a daunting place – particularly to those who are new to it and who don’t like to take any risk with their money. Yet, those who invest have a much better chance of making a good return on their money over time than those who leave their money in ordinary deposit accounts – as long as the right decisions and choices are made. In this article published in the Sunday Business Post, Brian O Nuallain, Investment Sales Lead, suggests ten rules of thumb that may keep you on the right track when investing your money.

Women live longer than men, so they need bigger pension pots too

Women can’t afford to ignore their pension, especially if they take time out of the workforce according to Karen O'Flaherty, Senior Proposition Executive at Royal London Ireland. Women need a larger pension pot than men – as they typically live longer, with Central Statistics Office figures showing women have an average life expectancy of at least 84 years, outlasting men by almost four years. Yet a woman’s pension income on retirement is an average 35% lower than a man’s, according to the ESRI. In this article published in the Sunday Independent, Karen looks at ways to plug the gender pension gap.

Do I need Life Insurance if I have Death In Service benefit?

Karen O'Flaherty, Senior Propositions Executive answers a personal finance question about Life Insurance which featured in a recent edition of the Irish Independent.

60-Something Spenders: 1 in 2 people say their sixties will be the costliest decade in retirement

Almost half (45%) of people in Ireland expect their sixties to be the years they will need most money in retirement, while almost four in ten (38%) expect to need most money in their seventies according to a new survey published by Royal London Ireland. Some common retirement costs were also revealed.

How to stop a mortgage eating into retirement income?

Mark Reilly, Pensions Proposition Lead looks at some points to consider to avoid a mortgage having an impact on retirement income.

1 in 4 would take €60 less in State Pension – to get it at age 60

A new survey of 1,000 adults nationwide revealed that if given the option, over one in four (26pc) would choose to take the State Pension six years earlier at age 60, even if it meant receiving €60 less per week. Conversely, just under 1 in 5 (18pc) would hang on until age 70 to take their pension – to get an additional €60 per week.

Royal London & Lions announce £3 million grant for unions ahead of 2027 women’s Lions tour

The British & Irish Lions Women’s Team Founding Partner, Royal London, has announced a £3 million (€3.5million) ‘Levelling the Playing Field’ Pathways Funding grant with the Unions of Ireland, Scotland, Wales and England detailing how they will allocate funding received.

Royal London Ireland announces new charity partnership with Breakthrough Cancer Research tackling cancer inequalities

Royal London Ireland, one of the leading life insurance and pensions companies in Ireland, has announced a new €115k charity partnership with Breakthrough Cancer Research tackling cancer inequalities.

Royal London announce Ireland rugby player Aoibheann Reilly as Brand Ambassador ahead of inaugural Women’s Lions Tour

Following the announcement of the first-ever Lions Women’s tour, set to take place in 2027 in New Zealand, Royal London has announced Aoibheann Reilly as the organisation’s new brand ambassador

How do I choose between a PRSA or personal pension plan?

Mark Reilly, Pensions Proposition Lead looks at some points to consider when deciding between a Personal Retirement Savings Account (PRSA) or personal pension plan.

The girls in green legacy: Seeing televised professional sport provides a real incentive to take it up, but access to local clubs is vital

New research from Royal London and Royal London Ireland, the proud founding partner of the first British and Irish Lions Women’s Rugby Tour shows that, 24% of parents surveyed across Ireland believe that the more sport is shown on TV, the more likely their children are to take it up. A further 15% of parents shared that their children embraced team sports after witnessing them live professionally, while an equal percentage stated that their kids found inspiration in sporting role models seen on TV.

Women in Finance Charter

Royal London Ireland is proud to have been a founding signatory to the Women in Finance Charter in April 2022. As a signatory, we committed to improving the number of women in management and board level positions to achieve better gender balance and a more inclusive working environment. Today, we are pleased to report that we have exceeded our 2023 target of 38% of females in senior level roles with 39.5% of these roles now occupied by females, with 43% female representation at Board level.

New Year’s resolution that could mean thousands in savings

At the start of the year, thousands of smokers make it their New Year's resolution to quit smoking for good. One of the leading life insurance and pensions companies in Ireland, Royal London Ireland, is calling on ex-smokers to reap the financial benefits that quitting can have when it comes to how much they are paying for their life insurance. If you successfully quit the habit since January 2023 or earlier, it can mean substantially reduced life insurance premiums, in some cases by up to 50pc.

The gender sports gap is closing in Irish schools but rugby still lagging behind

The gender sports gap is narrowing according to new research from Royal London, though there’s still significant variation, depending on the sport. The research follows the announcement of the first-ever Lions Women’s tour, set to take place in 2027 in New Zealand. As Founding Partner, Royal London is committed to championing and supporting women’s rugby, and to making a difference by helping to level the playing field for this and future generations.

ESG Index Survey 2023

Royal London Ireland releases 2nd ESG Sentiment Index revealing: More than half the Irish public believe in ‘People Power’ when it comes to protecting our planet, with 51% stating small changes made on an individual level, or in the home, can make a big difference.

Annual Salary of a Stay at Home Parent could cost an estimated €54,590 per annum according to Royal London Ireland survey

According to a recent survey conducted by Royal London Ireland of 1000 adults across the country, only 8% valued the cost to employ someone to perform the duties of a stay-at-home parent at over €50k. Its research found the cost to employ someone to do the ‘duties’ performed by stay-at-home mams and dads would be an estimated €54,590 per annum.

Just Three in Ten Anticipate Retiring at State Retirement Age according to Royal London Ireland Survey

Early retirement is only a likely reality for approximately 21% of Irish workers. According to a recent survey conducted by Royal London Ireland of 900 workers across the country , three in ten (30%) say that based on their current financial situation, they are likely to retire at the current state retirement age of 66, while a similar number expect to retire at 70.

How do I make sure my ARF is inherited tax-free?

The value of having an Approved Retirement Fund (ARF) is that it can be transferred to your surviving spouse/civil partner or be passed to your estate when you die. Depending on who inherits the money, different levels of tax will apply. Mark Reilly, Pensions Proposition Lead explains the most tax efficient way to pass on an ARF and the tax implications of leaving an ARF to a child.

Do I need to make the pension contribution before November 15 to be able to claim tax relief on it?

Mark Reilly, Pensions Proposition Lead discusses some points to consider about making a payment into a pension policy and claiming tax relief against the previous year.

I'm 40 years old and have never had a pension. How can I choose the right pension for me?

According to Mark Reilly, Pensions Proposition Lead at Royal London Ireland, it's never too late to start a pension. The tax relief on pension contributions makes it an exceptionally wise financial choice. Read more about considerations he raises when thinking of taking out a pension.

How do I know if I’m putting my money into genuine green investments or into investments that help companies pursue good social agendas?

You may choose sustainable investments for many reasons, such as ethical beliefs or to manage risks associated with transitioning to a greener economy or to generate returns from investment opportunities. Deciding what it is you are trying to achieve with your investment is a good first step. Read more in this article from Jason Walsh, Fund Proposition Lead, Royal London Ireland.

What is income sustainability, and why is it important to consider when planning for retirement?

Mark Reilly, Pensions Proposition Lead explains income sustainability and how its important to consider the level of funds you will need to finance the type of retirement you see for yourself.

How can I make sure to get myself into a financial position to retire at 55?

Mark Reilly, Pensions Proposition Lead explains how people often underestimate the amount of money they need to have saved up for retirement, as well as the amount they will spend at that stage of their lives. When thinking about how much you need to fund a comfortable retirement, plan your retirement spending carefully so that you don’t run out of money too quickly.

Can you transfer a retirement bond to a personal retirement savings account (PRSA)?

Mark Reilly, Pensions Proposition Lead explains how you can transfer your pension benefits into a Personal Retirement Bond if you are leaving your employment, you are leaving your current pension scheme, or if your company pension scheme is finishing up.