Who qualifies

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, employees' eligibility for ProfitShare is based on the date your scheme began – not the date the employee joined.

Unfortunately, we're unable to offer ProfitShare under our Crest Secure contract.

Any plans taken out with The Co-operative Insurance Society Limited (CIS) don't qualify. Self-invested personal pensions (SIPPs), protection, life and direct to customer plans also don't currently qualify.

ProfitShare awards will be applied as at 1 April each year. To qualify, employees' plans must be in force on 31 December the previous year and on the date the award is given.

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

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London EC3V 0RL.