Fund data last reviewed April 2026. Performance can fall as well as rise. See methodology.
FundWatch.ie
IL
Provider profile

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.

FundTypeRiskAMC5yr 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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