So we’re sharing our profits with qualifying customers for the fifth year running.
We’ll share £146m of our profits with our customers.
Around 1.8m customers will be awarded ProfitShare.
We’ll boost unit-linked customers’ retirement savings by 0.15%.
* This is based on year end 2020 and includes awards made to with profits customers. These customers will receive a 1.2% enhancement in 2021.
Given the economic conditions and challenges brought about by the coronavirus pandemic, we're delighted to be able to award ProfitShare. And this year we're proud to be sharing £146m with our customers.
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.
We have a five-year track record of awarding ProfitShare – but we never lose sight of the fact that 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 for our customers because we're a member-owned business.
Being able to invest consistently in our business is another privilege afforded to us by our mutual status. We can choose to use our profits to make improvements to our products and services - making a real difference to you and your clients.