This section of the website provides information for our pensioners. Some of you built up a pension by paying into the Scheme during your working lives, while others may have inherited a pension on the death of a member.
The Co-op Pensions Department (CPD) has been looking after the Scheme’s members since 2011. It’s important that Scheme members continue to receive the best support available, so earlier this year we approached a number of third-party administration providers and asked them to tender for the Scheme’s administration services. The Trustee carried out a thorough review of the shortlisted providers, and we’re pleased to tell you that the administration of the Somerfield Pension Scheme will formally transfer from CPD to First Actuarial LLP.
You will receive a welcome letter from First Actuarial in September with additional information on how you can contact them and access information regarding the Scheme and your pension benefits. We expect the transfer to be completed by 1 October 2025. From this point, you’ll need to contact First Actuarial rather than CPD if you have any questions about your benefits in the Scheme or pension payments.
Please rest assured that your pension benefits are not affected by this change and your pension payments will continue to be paid as normal.
It is important that the Trustee of the Scheme hold up to date address details for all their members. The Trustee have appointed the services of the XPS Pensions Group to carry out an address verification exercise for all overseas pensioner members who are in receipt of a pension.
If you are an overseas pensioner, you may have received a letter from XPS Pensions Group which sets out how to update your personal details.
If you have any questions following receipt of the letter, please call XPS Pensions Group from 9am to 5pm Monday to Friday on 0118 918 50 58 quoting the reference at the top of your letter or visit the Online Verification Website at; www.XPSverification.com to confirm your details.
Please be assured that the XPS Pensions Group only have access to the necessary information required to carry out this exercise. Your data remains secure and will not be shared with any other party outside of Scheme, or its providers, without your authority.