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Retirement


im not roland rat said:
Is that not a bit of an outdated view ?
They changed all their charges a couple years back and have been pretty good performance wise for a few years.
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Think the main issue was that they were charging hefty sums for advice that people weren't receiving. However their fees are still on the higher side & id wager youd still be better off just putting money into a low cost index fund
 
big bill said:
I pretty sure that comfortable bracket also includes a new kitchen and bathroom every 10 years as well. I mean how many people change these every 10 years. Both of mine are 10 years old and they look as good as the day they were fitted.
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If youre still keeping up with the Jones's at that part of your life you misread the script .
I think we naturally start reverting back to simple things for pleasure and contentment
 
42 said:
Think the main issue was that they were charging hefty sums for advice that people weren't receiving. However their fees are still on the higher side & id wager youd still be better off just putting money into a low cost index fund
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Would you be though ? What level of growth have SJP achieved versus these low cost funds? Quick ai search suggest that SJP 100% equities has delivered 22% growth in last 12 months and 40% over the past 3 years. How does that compare? I genuinely dont know the answer btw but intrigued to know.
I do know that SJP changed all their pricing a few years ago and they dont charge more than you were paying if you transfer from one provider to SJP. They are actively trying to get away from this 'expensive' tag.

42 said:
Think the main issue was that they were charging hefty sums for advice that people weren't receiving. However their fees are still on the higher side & id wager youd still be better off just putting money into a low cost index fund
Click to expand...
 
im not roland rat said:
Would you be though ? What level of growth have SJP achieved versus these low cost funds? Quick ai search suggest that SJP 100% equities has delivered 22% growth in last 12 months and 40% over the past 3 years. How does that compare? I genuinely dont know the answer btw but intrigued to know.
I do know that SJP changed all their pricing a few years ago and they dont charge more than you were paying if you transfer from one provider to SJP. They are actively trying to get away from this 'expensive' tag.
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I'm 77% equities 13% bonds and 10% cash. My Vanguard, adjusted for me taking my pension, was up 32% 👍 Don't even look at my charges @42 seems to know all about them, I've forgotten :D Is it capped at £375 then fund fees of about 0.23%
 
im not roland rat said:
Is that not a bit of an outdated view ?
They changed all their charges a couple years back and have been pretty good performance wise for a few years.
Click to expand...

Met with an SJP adviser, whose first comments were " You may have read or heard about some practices we used to use.... " Not a great start. That, and they would have charged just under £12k for the initial set up ( for an inheritance my wife had received ) just gave us negative vibes.

I noticed they'd 'improved' their charges, but their previous behaviour put us off, and it wasn't as if they changed willingly.

They may well be wonderful now, but the element of doubt helped our decision to say a polite "No, thank you" .

Again, just our opinion fwiw.
 
anybody taken an annuity ?
in 2 minds whether to go this route for the missus , just a ten year annuity to bridge until SP kicks in . Once SP kicks in would rather use the S+S ISA she has and cash, keeping tax to a minimum.
went on moneyhelper.org.uk

for 100k of pension pot - would give £12,780 guaranteed a year for a ten year period - however couldn't find an option for a quote where it increases with inflation each year ?

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Fletch said:
anybody taken an annuity ?
in 2 minds whether to go this route for the missus , just a ten year annuity to bridge until SP kicks in . Once SP kicks in would rather use the S+S ISA she has and cash, keeping tax to a minimum.
went on moneyhelper.org.uk

for 100k of pension pot - would give £12,780 guaranteed a year for a ten year period - however couldn't find an option for a quote where it increases with inflation each year ?

You must be logged on to see external links
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I’m 55 this month and nowhere near able to retire but I do have a canny pot with all the places I’ve worked at and have been considering an annuity or drawdown but I’ve got no idea how it all works.

My dad is dead against it like thinks I should leave it all until I do retire.
 
Jacksnuts said:
I’m 55 this month and nowhere near able to retire but I do have a canny pot with all the places I’ve worked at and have been considering an annuity or drawdown but I’ve got no idea how it all works.

My dad is dead against it like thinks I should leave it all until I do retire.
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lot wiser folk on here than me, but would agree with yuur dad, just let your pension grow while working , dont access it while still working full time
at some point youre going to need it
 
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