2008 Accounts

18th August 2008

We are pleased to make available the 2008 accounts. These will open in a new window as Adobe Acrbat documents. Please select a scheme from the links below:

2008 Accounts JSPDBS

2008 Accounts JSEPS

Important Member Announcement 1st July 2008

“The Trustees of the Sainsbury's pension schemes note the recent comment in the press that the pension schemes are to be transferred to specialist insurance companies.

The comments in the press are incorrect and no such decisions have been made.  The Trustees are responsible for all investment decisions and the securing of any such insurance policies would be a decision for the Trustees.  The Trustees periodically review investment strategy for the pension schemes in consultation with Sainsbury's, but no decision to purchase such policies has been made. 

As your Trustees, our priority is to protect your interests. We will continue to review investment strategy options and funding arrangements periodically to ensure that the benefits earned by members of the schemes are properly funded and secured.
The Trustees will keep you informed of any changes to the schemes.”

John E. Adshead, Chairman of the Trustees.

Additional Voluntary Contributions

20th July 2007

Following a recent review of the Additional Voluntary Contribution (AVC) Schemes by the Trustees and Watson Wyatt, a series of fact sheets have been produced in order to assist AVC members review their current AVC investments. The Trustees' announcement (including Investment Change Form) and fact sheets can be viewed here. A brief description of the fact sheets is given below:

Trustees' announcement (including Investment Change Form)

Fact sheet A: Brief details of each of the available funds and the related issues that investors may wish to consider

Fact sheet B: Investment 'risk and reward' which you may find useful in deciding whether an investment option remains appropriate for your personal circumstances

Fact sheet C: A more detailed explanation of the lifecycle option and how it works

Fact sheet D: Transferring your AVC benefits out of the Scheme.

Should you have any queries please telephone 020 7695 8502

Jackson Stores section - announcement of rule change

2nd April 2007

Following a period of consultation the Trustee Boards for the J Sainsbury Pension & Death Benefit Scheme and the J Sainsbury Executive Scheme have agreed to a change affecting the Jacksons Stores sections of these schemes.

The change takes effect from 6 April 2007: pension earned after this date will qualify for annual increases when in payment at the lesser of the increase in the RPI (Retail Prices Index) and 2.5%.

Members need take no further action.

In the event of queries please call the help line on 0207 695 8502.