DUBLIN-based independent financial advisers, Moneywise, has produced an excellent guide to self-administered pension funds called My Own Pension Fund, designed for business owners and their advisers, such as accountants and solicitors, who want the benefits of a hands-on pension that is both flexible and more cost efficient than conventional life assurance based plans.

This guide, which is written in a simple format, compares the cost advantages of conventional and self-administered pension schemes, explains how much can be invested and drawn down. Moneywise, which specialises in financial advice to small companies, partnerships and sole trader firms, includes computer-generated models in the guide which illustrate how cost control and performance monitoring can enhance fund accumulation by over 20 per cent above conventional pension plans; how various funding options can produce different fund values and one that produces annuity options once retirement is reached. This guide is available from Moneywise Financial Planning, (01) 670 5937/8 or by e-mail: moneywiseindigo.ie