Confusing of Pensions

[Jolly green]

Hi

Finally my welcome pack has turned up, reading through the it all and to be totally honest it's all Greek to me does any body on here know which one is best for a new starter I'm 40 yrs never really done the pension thing. Do I go with the Alpha or Partnership? Any help would be great.

[mbot]

Welcome pack, damn didn't get one of those .......two more sleeps till my start date

[Jcam1997]

I would like to also know this

[Jcam1997]

Just want to know the best one

[Lagertha]

I've looked it up on HMPS site and it is quite confusing so I'd like some guidance from those more experienced too

no welcome pack here either mbot - mind I'm lucky to even have a contract

[Andy888]

My mate who is ex forces suggests the partnership option is best?. But will ask next week myself as still not filled anything in as just don't understand anything as such or the eventual value!.

[NeedToKnowBasis]

You're all asking for pension advice from here? Are you mad?

No-one here can advise you of the best option as we don't know your personal priorities or circumstances.

Something as important as pension advice requires the help of a professional financial advisor who knows what you want to achieve from your pension.

You stagger me, you really do.

NTKB

[SWM5436]

Do a search on Google, you will find out the difference between the 2 types of pension and should influence your choice.

[Lagertha]

noted NTKB Thank you - I think

[timeforchange]

I spoke to a financial advisor who is also a friend who said stay clear of the partnership option and stick to alpha. It's the most popular choice for a reason but it's all down to personal choice. She explained everything through with me and alpha was the only option in the end.

[andylamb]

This should hopefully help clear things up.

There is a lot more depth to all of this, but here is the basics.

Knowledge Base - Pensions - Alpha & Partnership

[Porecruit17]

Just wondering, what has everyone put on the pension form for employer and office address??

Glad someone asked this, was filling mine out today and not a clue

[KobiU1962]

Hopefully someone will give us the answer!! Although I feel like I really should know this but I really dont!

I don't get this pension stuff really. Iv never had to do any pension things before, not even the workplace one so its all new to me. It just seems like quite a bit of money to lose every month, but then maybe I'm working it out wrong

[KobiU1962]

I just put HMP (whatever)
and the address of your prison office. there is a website you can look this up, here it is

https://www.justice.gov.uk/contacts/prison-finder

Sorry, I didn't see this until I'd posted!!

Thankyou. Il put that.

[RKJL]

lol not a problem, thought you might of missed it. FYI - I've phoned them up and that is the correct thing to put