Your Money: Pension preparation will pay off

Michael Murray: Managing your own pension is a realistic proposition, if you take the right steps before you start

There are a number of key disciplines that are, in my view, essential to be a successful long-term investor. None of them is difficult to acquire or apply.

The Irish pension industry has been transformed over the past decade. Most of those planning for retirement have a multitude of options, whether they are in a salaried PAYE job, or are self-employed.

As most private employers have closed their defined benefit schemes to future accrual for many existing and new employees, people now have decisions to make about how and through whom they will manage their fund. Many have the option to ...