ICMIF member Royal London (UK) has announced that it will share GBP 146 million with eligible customers through its ProfitShare allocation.

Each year, Royal London aims to boost its customers’ retirement savings by adding a share of its profits to their plans. Despite the impacts of the pandemic, Royal London was able to demonstrate its resilience in difficult times and commitment to delivering value to its members. In April 2021, it will allocate GBP 146m of its profits from the previous year to the pension plans of around 1.8 million customers (a small increase from GBP 140 million in 2019).