THE 2,000 members of the National Guild of Master Craftsmen - artists who make furniture, glassware, jewellery, pottery, etc, - are being invited to join the Guild Pensions Scheme which is being administered by MMI Asset Management and underwritten by New Ireland Assurance. The scheme is designed for both individuals and companies and offers major savings on setup costs. There is a choice of investment managers from New Ireland, friends Provident or Ulster Bank and there is also an investment advice service.

Schemes like these can be very useful, especially if they bring people into the personal pension net who may otherwise be unaware of the need for such cover. Craftworkers often neglect long term pension considerations because their income can be very irregular or seasonal, and this scheme may be suitable for such people. A freephone number has been set up for further information - 1 800 310 310 but it is the view of Family Money that you should still shop around the pension market before you make any final decision about this scheme. An independent financial adviser can help you to assess this scheme.