1. Home
  2. About us
  3. Our mutuality
  4. ProfitShare

ProfitShare from Royal London

As a mutual, we believe our customers should share in our success. 

That's why we're giving your eligible employees a boost by sharing some of our profits for the eighth year running.

Our latest ProfitShare award

£163m*

We're sharing £163m of our profits with our customers.

2.2m

Around 2.2m customers will be awarded ProfitShare.

0.15%

We're increasing eligible unit-linked customers’ pension savings by 0.15%.

* This is based on on year ending 2023 and includes awards made to with profits customers. These customers will receive a 1.2% enhancement in 2024.

Eight years of ProfitShare

  2024 2023 2022 2021 2020 2019 2018 2017
ProfitShare award £163m £155m £169m £146m £140m £150m £142m £114m
ProfitShare rate 0.15% 0.15% 0.15% 0.15% 0.15% 0.18%  0.18%  0.18%

The ProfitShare amounts shown include awards made to with profits customers.

Who qualifies for ProfitShare

To be eligible for ProfitShare, employees must have a pension plan that started with us on or after 1 July 2001.

If that's the case, we'll automatically set up a ProfitShare account under their plan. You don't need to do anything.

If your scheme is an occupational scheme, also known as a company pension plan (CIMP), employees' eligibility for ProfitShare is based on the date your scheme began – not the date the employee joined.

ProfitShare awards will be given on 1 April each year. In order to be eligible, employees' plans must have been in force on 31 December the previous year and on the date the award is given. When this date falls on a weekend, employees' plans must have been in force by the last working day in December.

There's no guarantee that we'll be able to award ProfitShare every year.

ProfitShare FAQs

Here you'll find the most common questions we're asked about ProfitShare.

Step 1
We'll review our financial position and performance at the end of each year. 

Step 2
We'll work out if ProfitShare can be awarded.

Step 3
We'll add the award to a separate ProfitShare account within customers' plans.

Step 4
Customers can see the value of their ProfitShare account in their yearly statement, by logging into online service or by downloading our mobile app.

Step 5
Customers can take the value of their ProfitShare account with the rest of their pension savings.

For the last eight years, we've increased the pension savings of our unit-linked pension customers between 0.15% and 0.18% each year. There's no guarantee that we'll be able to award ProfitShare every year. 

ProfitShare awards will be given on 1 April each year. In order to be eligible, employees' plans must have been in force on 31 December the previous year and on the date the award is given. When this date falls on a weekend, employees' plans must have been in force by the last working day in December.

ProfitShare awards will be invested in the same investments as employees' other pension savings.

Employees will see the value of their ProfitShare account in their yearly statement, by logging into online service or by downloading our mobile app.

Our with profits customers also benefit from ProfitShare. 

We'll work out their ProfitShare in a different way. You can find out more in the Royal London With Profits Fund factsheet (PDF) - opens in new window. 

Membership of Royal London

Many of our customers are also members of Royal London, which entitles them to have their say on company decisions and appointments by voting at our annual general meeting (AGM).

Find out more  Find out more