Irish Life launches new version Pension app for iPhone and Android

Ireland’s leading life assurance company, Irish Life, revamps “My Pension” app. The app is designed to help people who are members of company sponsored Defined Contribution (DC) and Additional Voluntary Contribution (AVC) schemes administered by Irish Life Corporate Business.

Commenting on the app, David Harney, Managing Director Irish Life Corporate Business said: “This easy-to-use iPhone and Android app is designed to help our members with retirement planning anytime, anywhere.

“With the swipe of a finger, members can see what the estimated value of their pension fund will be at retirement and more importantly, how the estimate compares to their recommended target which is the key thing for people to understand.  (Typically target 33% of salary for DC plans and 1.5 times salary for AVC plans)

“Members can calculate the likely impact of any change in contributions based on reviewing their target, their salary or retirement date – all through the ‘My Pension’ app.”

The updated “My Pension” app is also packed with other useful features that simplify reviewing a pension scheme. Users will be able to see details of the funds they are currently invested in, including additional information such as risk rating, current value and latest price.  Where relevant, there is also an explanatory video available on investment strategies and users will be able to get regular investment market updates.

Owners of an iPhone can download this user-friendly app from the App Store while those with Android smartphone can download from Google Play.