Giving your pension a boost
When we do well, we'll aim to boost your pension savings by adding a share of our profits to your plan each year. We've called this ProfitShare.
Although we can’t guarantee we’ll be able to award ProfitShare every year, our continued strength in how we run our business for our customers means we’re sharing £181 million of our profits with over 2 million eligible customers in April 2025.
ProfitShare is just one of the ways we express our mutuality. Mutual companies such as Royal London are proudly customer-owned. This means that a share of our profits goes to customers, not shareholders and it influences the decisions we make every day.
If you're eligible for ProfitShare, you can see what's been applied to your plan with our mobile app. What's more, you can stay up to date with your pension savings, look at what you've paid in and see what your plan could be worth in the future.
One-off contributions and pension transfers
ProfitShare is based on the value of the pension savings you’ve got invested with us on the date it’s awarded. Which means any one-off contributions you make before 6pm on Monday 31 March will qualify for ProfitShare this year. If we get your contribution after this date, then it will count towards any ProfitShare award we could make next year.
It’s not only contributions that count towards ProfitShare, but any pensions that you transfer into your Royal London plan will also qualify for ProfitShare in the future. So, if you’re considering making a one-off contribution or a pension transfer to your pension plan, you could help your pension savings grow with ProfitShare.
Remember, while your savings could grow, their value can also go down, as investment returns aren’t guaranteed. This means you could get back less than you put into your plan. If you need help you should speak to a financial adviser.
Eligible plans
You’ll be eligible for ProfitShare if you have taken out a pension plan with Royal London since 1 July 2001. If that applies to you, we’ll automatically set up a ProfitShare account under your plan. You don’t need to lift a finger.
If you’re a member of an occupational scheme, your eligibility for ProfitShare is based on the date your scheme began – not the date you joined. If you’re unsure about the date your scheme began, you should speak to your employer or the scheme trustees.
Unfortunately, we're unable to offer ProfitShare under our Crest Secure, Retirement Account contracts or any self-invested retirement savings you have. Any plans set up with The Co-operative Insurance Society Limited (CIS) also won't qualify.
ProfitShare awards will be applied as at 1 April each year. To qualify, your plan must be in force on 31 December the previous year and on the date the award is given.
Watch our ProfitShare TV advert
Video transcript
Have I made the right financial decisions?
Is my pension provider right for me?
Do they really have my best interest at heart?
Royal London is a mutual, we're customer owned so we don't have any shareholders and this year we're sharing 181 million pounds of our profits with over 2 million eligible customers.
Because when we do well we believe you should too.
It's good to have something back.
That's ProfitShare from Royal London.
Proudly customer owned since 1861.