Originally Posted by
jon1959
Just based on on personal experience - avoid St James' Place. My old mam and my brother (and partner) use them. I don't.
I'm not sure where they are based as they rely on self employed IFAs from all over the country, but my understanding is that they are tied to a small number of 'super inverstors' (like Neil Woodford) and their returns are very poor compared to some of their competitors. I have certainly seen that over the past 5 years. I and my partner use Birchwood to invest our savings, and we have had a much better return than my mother and brother. I am very uncomfortable with most of this stuff - but given the alternatives of a sock under the bed, a 0% savings account, or a low risk investment portfolio (wrapper) we went for the last one.
In practice that meant the capital grew a small amount (in cash terms) and we had 5 years of a regular draw-down income on top to supplement the occupational pension.