In February, we wrote to all members of the Sainsbury's Pension Scheme to let you know that we were merging the Home Retail Group (HRG) Scheme into the Sainsbury's Scheme in March. This has now happened.
The new, merged Scheme has two sections - a Sainsbury's Section and an Argos Section.
Please be reassured that:
- the merger has not changed your pension or other benefits. Your pension remains the same and if it's not yet in payment, the date when it starts won't change
- the merger is good news because it will help reduce running costs; the money saved will stay in the Scheme and be used to fund pensions rather than pay adviser costs.