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Scheme merger

We have written to all members of the Sainsbury's Pension Scheme to let you know that we are merging the Home Retail Group (HRG) Scheme into the Sainsbury's Scheme. This will happen in March.

The merged Scheme will have two sections - a Sainsbury's Section and an Argos Section.

Please be reassured that:

  • The merger will not change your pension or other benefits. Your pension will stay 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
  • The merger will happen automatically and you don't need to do anything.

You should get your letter by 23rd February - if you haven't, call our administrators to check your address on our records.