ProfitShare from Royal London

We're not your typical financial services company. As a mutual we're customer-owned, and we believe you should share in our success. So when we do well, so do you.

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 £169 million of our profits with around 1.9 million customers in April 2022.

ProfitShare is just one of the ways we express our mutuality. Mutual companies such as Royal London are customer-owned. This means that a share of our profits goes to customers, not shareholders and it influences the decisions we make every day.

ProfitShare explained

We want you to feel the benefit of being part of Royal London. That's why we'll aim to boost your pension savings by adding a share of our profits to your plan each year.

Learn more

See how ProfitShare could make a difference

To give you a better idea of the difference ProfitShare could make, let's introduce you to Harry.

Find out more

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.