We're awarding ProfitShare

31 March 2022
As a mutual, we believe our customers should share in our success.

So we're giving your qualifying employees' pension savings a little boost by sharing our profits for the sixth year running.

Our latest ProfitShare award 


We'll share £169m of our profits with our customers.


Around 1.9m customers will be awarded ProfitShare.


We’ll boost unit-linked customers’ pension savings by 0.15%.

* This is based on year end December 2021 and includes awards made to with profits customers. These customers will receive a 1.2% enhancement in 2022.

You can find out more about how Profitshare works and who qualifies here.

Our sixth year of ProfitShare

We're delighted to be awarding ProfitShare £169m of our profits with around 1.9 million customers. 

This year's award is £23m higher than last year, demonstrating our financial resilience during difficult times.

How we're letting your employees know

We’ve emailed your employees tell them we're awarding ProfitShare.

The award will be based on the value of their savings on the 1 April 2022 and it will be added to their plan after this date. To qualify for an award in 2022, your employees plan must have been in force on or before 31 December 2021.

Your employees will see the value of their award on our mobile app, online service or in their yearly statement.