ProfitShare from Royal London

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

So we’re sharing our profits with qualifying customers for the sixth year running.

Our latest ProfitShare award 


We're sharing £169m of our profits with our customers.


Around 1.9m customers will be awarded ProfitShare.


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

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

Six years of ProfitShare

We’re delighted to be awarding ProfitShare again this year. This year’s award is £23 million higher than last year, demonstrating our financial resilience during difficult times. Since we made our first ProfitShare award in April 2017, we’ve shared £861 million of our profits with qualifying customers.  

ProfitShare award £169m £146m £140m  £150m  £142m  £114m
ProfitShare rate 0.15% 0.15% 0.15% 0.18% 0.18% 0.18%

The ProfitShare amounts shown include awards made to with profits customers

Remember that ProfitShare isn’t guaranteed. Your clients could get more or less than this.  However, once we’ve awarded ProfitShare, we’ll never ask for it back. 

It's important we strike the right balance between investing in our business, maintaining our robust financial position and the level of any ProfitShare award. We believe taking this approach helps advisers and their clients have confidence in Royal London.

We'll continue to do this to make sure we support good outcomes for customers.

Read our leaflet for more information about our previous ProfitShare awards and the real difference it can make.

How ProfitShare works for unit-linked customers

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

We'll work out if ProfitShare can be awarded.

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

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

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

Who qualifies for ProfitShare

To be eligible for ProfitShare, customers 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 the customer's a member of an occupational scheme, their eligibility for ProfitShare is based on the date their scheme began - not the date they joined.

ProfitShare awards will be applied as at 1 April each year. To qualify, the customer's plan 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. 


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

For the last six years, we've increased the pension savings of our unit-linked pension customers between 0.15% and 0.18% each year. Customers could get more or less than this and there's no guarantee that we'll be able to award ProfitShare every year. But once we've awarded ProfitShare, we'll never ask for it back.

ProfitShare awards will be given on 1 April each year. In order to be eligible, the customer's plan must have been in force on 31 December the previous year and on the date the award is given.

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

Customers 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.

 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.

Mutuality defines us

We have a six-year track record of awarding ProfitShare – but sharing our profits is just one way we express our mutuality.

Our mutual status defines everything we do. From the way we determine our charges to how we impact society at large – we’re able to make the right decisions because we’re owned by our customers.

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). Since January 2016, customers who take out a pension plan with us will become a member.

Each year, an information pack is sent to all members for our upcoming AGM and includes information on how we’re doing, details of what we’ve achieved and how they can vote at our AGM.

Read about our most recent AGM.

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit

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. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.