ProfitShare for with profits customers
If you have retirement savings invested in our with profits fund, we already pass a share of our profits into your plan each year. We call this ProfitShare.
From 1 January 2016, we're extending ProfitShare so we can share more of our profits with more of our customers.
What this means for me
First of all, you shouldn't be any worse off by the changes we're making. In fact, we'll increase the regular bonus we give to your retirement savings invested in our with profits fund by the same rate we give to customers through our new ProfitShare extension.
The good news for you is that any other retirement savings you have invested with us are now eligible for ProfitShare too. And you don’t need to lift a finger.
- Guide to the changes to the PPFM
This booklet tells you about the changes we're making to the Principles and Practices of Financial Management (PPFM). The PPFM describes how we manage with profits policies.
- Your questions answered
This answers some key questions you may have after reading the PPFM booklet.
- The view of the WP Committee
The With Profits Committee exists to consider the interests of all with profits customers in the Royal London Group. It exercises independent judgement when advising our our Board on how to treat them fairly. This document is a summary of their view of our plans to widen the scope of ProfitShare to include more customers.
- The independent expert's report
Our With Profits Committee enlisted the help of an independent expert, who was approved by our regulators to review our proposals. This is a summary of their findings.