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 members means we were able to share £146m of our profits with around 1.8 million customers in April 2021.

Eligible plans

To be eligible for ProfitShare, all you need to have is a pension plan with us that began on or after 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.

More about mutuality


Feeling the benefit

Why our mutuality matters.

Find out more  about Feeling the benefit

Introduction to mutuality

Find out more about what our mutuality means to us and for our customers.

Find out more  about Introduction to mutuality

Membership of Royal London

Giving more customers more of a say.

Find out more  about Membership of Royal London