Sainsbury's Retirement Savings Plan

for Colleagues up to C5/5S grade plan

Member wellbeing: looking after yourself during COVID-19

We know that some of our members might be struggling – whether emotionally or financially – during these unsettling time, so we have decided to create this Member Wellbeing page, to help point you in the right direction if you need extra support.

Many people will be worried about their finances – whether they’re working or not. If you’re worried about day-to-day living costs, the MoneyHelper website tells you more about the financial support that is available from the Government, and also has useful tips on managing your money during the crisis.

If you still work for the Company, you can make use of our Employee Assistance Programme, provided by Validium, which offers financial information and debt counselling. The service is completely confidential and free of charge to all Sainsbury’s colleagues. Support can be accessed at all times through a freephone number 0800 027 7777 or 0330 123 9653 from mobiles with contract minutes. If you’re calling from outside the UK, please dial +44 141 271 7155.

If you are struggling financially, you could also contact GroceryAid, the national charity for the grocery industry. They’ve put together a web-page of advice and support about Covid-19, and have also launched a financial assistance fund for grocery colleagues who lose a partner as a result of Covid-19 (or the immediate family of a grocery colleague who has passed away as a result of Covid-19 while working in our industry). You can apply online at They also provide a free, confidential helpline for anyone who is working or has worked within the grocery trade, regardless of length of service: simply call 08088 021 122 or visit the GroceryAid website to access their online chat.

As far as your pension, don’t panic. Your pension is a long-term investment, so try to avoid making hasty decisions about moving your money. The Pensions Regulator, the Financial Conduct Authority and the Money & Pensions Service have created a joint letter, which you can read here, which reminds members to be very careful when exchanging their defined benefit pension for more flexible options.

However, as well as the financial toll, the pandemic has also had a mental toll on many of us. If you find you’re struggling with your mood, take a look at the Mind website or the NHS website, which have some useful links.

The pandemic has made us all think about how our loved ones would cope financially if the worst was to happen. We have produced a PDF that summarises the benefits payable to Sainsbury’s colleagues in the event of their death in service and provides links to the relevant forms. You can read it here. If you haven’t written a Will yet, or need to update your Will, we have been able to secure a Will-writing discount for colleagues. You can find out more on our reward gateway:

Your investment options are changing

We have recently changed the investment options for the Sainsbury’s Retirement Savings Plan for new joiners from 1st March 2021 and for existing members from July and August 2021.

During July and August 2021, depending on where your retirement savings are currently invested and how far you are from your Target Retirement Age, your retirement savings (and any future contributions) will be automatically moved to a new fund. The new fund has been chosen as the closest match to what you’re currently invested in.

If you’re comfortable with this, you don’t need to do anything.

For further information, including how to make a different investment choice, please visit our dedicated website, It explains the changes in more detail, why they have been made, what they mean for you, and any actions you might want to consider.

If you don’t want your retirement savings to be moved into a new fund, you need to make a different selection by 16th July 2021. The website explains how to do this.