u/GroundbreakingMain93

St James Place alternatives (pensions/advisors)

I came to SJP through a pension search service, they offer a financial advisor service for free which I took because after a 2 year redundancy I wanted to get a better savings plan.

Anyway, the advisor was nice, gave me some good advice for my pension (£100k), although I'm not entirely convinced the projection was much better than my Scottish widow, it felt biased.

The time has come to signing some money over... 3% didn't sound too bad (basically £3k on my pension) but then another 3% every month on the £1600 salary sacrifice (£50).

so I've looked them up a bit more and can see this sub aren't a fan.

What I don't see anywhere, is any alternatives for pension plans; and how does one go about finding a good FA?

Because the whole pension rebate/ salary sacrifice is something that really benefits me right now (on a £120k salary with 1 kid still in nursery)

So, what is the best way to finding a good financial advisor and what fees should I expect to pay, or what tools are good to compare pensions? (I e. not paid-for rankings)

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u/GroundbreakingMain93 — 23 days ago

Looking at my HSBC mortgage (year 3 of 5 year fixed), I can see the interest amount fluctuates quite a lot.

I saw a previous post saying this is due to the number of days in the month but this doesn't correlate:

Feb - 28 days £1401.6 (50 per day)

Mar - 31 days £1262.45 (40.72 per day)

Apr - 30 days £1393.36 (46.44 per day)

Feb 2025 - 28 days £1448.81 (51.74 per day)

So, the less days the more interest is paid?

Can anyone help explain?

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u/GroundbreakingMain93 — 1 month ago