When I use a compass it does not seem to point towards my bed. I have heard that now compasses point towards North. Is this true?
Compasses still point to the spawn point. Even with the
/sethome plugins or if you've slept in a bed, it will remain pointing to the default spawn point.
"Sleeping in a bed will change your respawn point, but will not change the original spawn point and location the compass points toward." – Minecraft Wiki page