cossieh, welcome to AAM. Firstly you have not mentioned what age bracket you are in - this is important for the purpose of setting up a Pension scheme. Next thing in part your Accountant maybe somewhat correct. I would take a view that if this is a long term thing, assuming you are young, now would be a good time to invest in Managed Funds -- get in when the markets and all that. I do believe that you would be better getting a book on the entire pension benefits, especially the Tax angle for investing in markets and also in property. In fact a decent untied broker should be able to advise you. Regarding investing in Funds, I am also aware that past performance should not be used to base any investment structure or decisions. However the performance of AIB funds have performed poorly, but Eagle Star and New Ireland have a relatively good past record, allowing for the matter that New Ireland funds are managed by BIAM who in the recent past have had their own troubles. What part of the country are you in ? Might be able to recommend a decent agent. I have no connection whatsoever. In fact don't even have a pension as I am self employed and the manner I do my affairs is somewhat different.