Why your pension has transferred to JAB Pensions

Over recent years, the members of hundreds of defined benefit pension schemes have had their pensions secured with insurance companies, such as JAB Pensions. These arrangements are known as pension buy-ins and buyouts, and they allow pension schemes to secure the benefits of their members with an insurance company. This allows the sponsoring company to focus on its business and shifts responsibility for providing your pension to insurers like us.

The good news is that your pension benefits are now protected by JAB Life & Pensions, a regulated insurance company. We are required by law to hold enough assets to meet all of our financial responsibilities even in extreme economic conditions.

If you're a UK resident, your benefits should also be covered by the Financial Services Compensation Scheme (FSCS) in the unlikely event that we can't meet our financial responsibilities (though note FSCS rules may change in the future). Further information can be found at www.fscs.org.uk.