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Change to investment options

We're changing the way your pension pot is invested and you will receive a booklet very soon explaining this.

We have also put together the following supporting Q&As to help you.

We’re replacing the existing default investment option with a new default investment option:

Sainsbury’s Pre-packaged to Lump Sum

Your pension pot will automatically switch to the new default investment option unless you tell us you want something different to happen to it.

If you don’t want us to make the changes set out in the booklet we have sent you, and would like to stay exactly where you are currently invested, you need to let Legal & General know by 1st December 2017. Call them on 0345 302 0323 or email srsp@landg.com.

Anonymous   27th October 2017  

Take a moment to read the booklet that we’ve sent which explains the changes we are going to make to how your pension pot is invested with Legal & General.  If you are happy with the change, you don’t need to do anything, we will make the change automatically.  If you don’t want us to change how your pension pot is invested, you need to call Legal & General by 1st December on 0345 302 0323 or email srsp@landg.com.

Anonymous   27th October 2017  

We have written to everyone in the Sainsbury’s Retirement Savings Plan who joined before January 2017 and has not chosen how to invest their pension pot – as we are changing the ‘default’ investment option.  If this is you and you haven’t had a booklet by 5th November, then call Legal & General on 0345 302 0323 or email srsp@landg.com, as we may not have up to date address details for you.

Anonymous   27th October 2017  

You can change your investment at any time by going to Manage Your Account or calling Legal & General on 0345 302 0323 or email srsp@landg.com.

Anonymous   27th October 2017  

You can increase how much you pay by going to MyHR, or if you haven't got your own access, please check with your line manager.  If you are paying Start Up contributions, moving to Step Up will also increase your life cover at no cost to you.  See our cost calculator to see the effect that paying more into your pension will have on your take-home pay.

Anonymous   27th October 2017  

Call Legal & General on 0345 302 0323 or email srsp@landg.com, to update your record. Check to make sure we have the right address at Sainsbury’s by going to MyHR, or if you haven't got your own access, please check with your line manager.  If you are in Logistics, ask your HR office.  If you work in one of the store support centres, check on MyHR.

Anonymous   27th October 2017  

Go to MyHR, or if you haven't got your own access, please check with your line manager. If you are in Logistics, get a form from your HR Office or download a form here and take it to your HR Office.

Anonymous   27th October 2017  

Nobody connected with the Plan can give you financial advice. You can find a local financial adviser (IFA) on this website: www.moneyadviceservice.org.uk. Please be aware that an IFA may charge for their advice, for which you will be responsible for paying.

Anonymous   27th October 2017