A major pension provider is getting ready to give out a share of its profits, which will give millions of savers a boost in cash within days. The £199 million payout will help millions of customers after a good financial year.
Royal London is getting ready to give £199 million to 2.4 million eligible customers through its annual ProfitShare program. Payments are due on April 1.
The amount of money each person gets will depend on how much money they have in their pension or ISA. If everyone got an equal share, it would be about £80 per person.
The mutual provider said that the distribution comes after a strong performance in 2026, when operating profits went up by 18%. Royal London is a customer-owned business, so it gives its profits back to its members instead of outside shareholders.
Customers must have opened a Royal London pension plan after July 1, 2001, in order to be eligible.
The plan must have been active on December 31 and stay open until the payment date.
People who opened stocks and shares ISAs after April 15, 2026, can also take part in the program.
Customers should know that the money will not come as a direct cash payment. Instead, the money will go into their pension pot, which means they can’t get it right away.
To get the bonus, recipients must keep their accounts open until April 1.
The ProfitShare payment will automatically go into a special account for each customer’s plan, so recipients don’t have to do anything. This ProfitShare account is separate from your regular pension savings.
Customers can keep an eye on their allocation through Royal London’s mobile app, which also lets them see how much they’ve contributed and how much they expect it to be worth in the future.
