Royal London pension customers to share in profits

It said ‘ProfitShare', which will be introduced in January, was an industry first in the pensions market. Is said in addition to the existing with profits allocations, a new ProfitShare amount will be awarded to any new customers buying a unit-linked pension plan and to existing unit-linked customers who have set-up a unit-linked pension plan since 1 July 2001. Auto-enrolment clients will be included in the scheme. Royal London said the immediate benefits will be felt by 600,000 existing pension customers. An additional 400,000 new pension customers will also become eligible to par...