AIB gives Irish Life market boost

IRISH Life’s share of the life assurance and pensions market is set to increase past the 30% mark on the back of the company signing up to be AIB’s new third-party provider.

That deal is expected to be finalised inside the next couple of weeks and follows AIB’s decision not to renew its existing partnership with Aviva.

Neither party is revealing much at present, but a spokesperson for Irish Life said yesterday the company was in ongoing talks with AIB.