Mutuality Matters

Why our mutuality matters to you and your employees. Our mutuality is a state of mind. A core philosophy that we exist for one sole purpose – to deliver the best possible experience and outcomes for our members and customers.

It’s this simple ethos that makes us different to most of our competitors.

What does it mean to be a mutual?

All financial organisations in the UK fall into two main groups: public limited companies (PLCs) and ‘mutuals’.

In simple terms, being a mutual means we’re owned by our members. So, unlike a PLC, we don’t have shareholders and we don’t have dividends to pay.

Where a PLC can face demands to pursue greater profits or make snap decisions when markets get tough, our actions will always be driven by the long-term best interests of our members.

How do your employees become Royal London members?

Any employee who is enrolled into your pension scheme with us will automatically qualify for membership of Royal London in terms of our Articles of Association1

How do your employees benefit from being Royal London members?

Once your employees become members, they’ll be able to share in our profits and gain access to other exclusive benefits and competitions.

They’re also entitled to one vote at our AGM, which they can use to help shape the direction of our company.  So while the biggest shareholder can drive the agenda for a PLC, the voice of all our members is treated equally.

How do your employees get a share of our profits?

As a mutual, we think our members should share in our success – so when we do well, we’ll aim to boost their retirement savings. We call it ProfitShare.

Find out exactly how it works.



1For occupational pension schemes, the scheme trustees will qualify for membership – not the individual scheme members. Further details of the rules governing membership are available on request.

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.