Url: https://www.johnlewispartnership.media/trust-for-pensions/jlp

John Lewis Partnership Trust for Pensions

The John Lewis Partnership Trust for Pensions (called “the Scheme” here), commenced in 1942. Membership is available to all permanent Partners working for the John Lewis Partnership.

 

Privacy notice

The Scheme’s Trustee, John Lewis Partnership Pensions Trust, is responsible for looking after Scheme members’ pension benefits and legally responsible for looking after members’ personal information. The attached privacy notice sets out why and how data is held and processed, what data is held, for how long it is retained and a member’s rights in relation to this data. If you would like a hard copy of this notice or further information please contact Pension Operations at [email protected]

 

Download Privacy Notice

 

Investment beliefs

These documents tell you more about how the Trustee thinks about investing the money put aside for your retirement, for both the Defined Benefit and Defined Contribution sections of the Scheme.

 

Download Defined Contribution section

 

Download Defined Benefit section

 

STATEMENT OF INVESTMENT PRINCIPLES

The Statement of Investment Principles helps you understand the Trustee’s strategy for the Scheme’s investments. There are two documents here: one for the Defined Contribution section of the Scheme, and one for the Defined Benefit section of the Scheme.

 

Download Defined Contribution section

 

Download Defined Benefit section

 

IMPLEMENTATION STATEMENT

The Implementation Statements tell you how the Trustee has followed the above Statement of Investment Principles in the year to 31 March 2022. Again, there are separate documents for the Defined Benefit and Defined Contribution sections of the Scheme.

 

Download Defined Contribution section

 

Download Defined Benefit section

 

COSTS AND CHARGES

To help current and former Partners (our members) understand costs and charges for the Defined Contribution section of the Scheme, the Trustee has produced a document called a governance statement. In this governance statement, on:

  • Pages 5 and 6 you’ll find details of the costs deducted during the year ended 31 March 2022 in percentage terms for each investment fund.
  • Pages 7 and 8 you’ll find illustrations showing the effect of charges on the value of pension savings.

 

Download Governance Statement

 

CLIMATE-RELATED RISKS AND OPPORTUNITIES (TCFD REPORT)

Regulations came into force in October 2021, which require pension schemes with assets valued at £5 billion or above to report on how they are managing climate-related risks and opportunities. The regulations followed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Each year, the Trustee needs to produce a report for the previous year to 31 March. The report sets out the Trustee's approach for the assessment, ongoing management and mitigation of climate-related risks and opportunities.

Download TCFD report