We’re proud to serve our members. We use our expertise and passion to support them throughout their careers and to create a better world for them to retire in. Our dedicated teams are responsible for the safekeeping and investment of around £34 billion in assets for 350,000 members of the railways pension schemes.
Railpen is entrusted, on behalf of the Trustee of the railways pension schemes, to safeguard, administer and invest around £34bn for one of the largest and longest-established pension funds in the UK.
We’ve come a long way since our beginnings in 1965 as the pension office for the British Rail pension scheme.
Through privatisation and the various changes to rail franchises, we’ve evolved and innovated to safeguard our members’ assets. And we’ve achieved this while providing a caring, personable service that supports members throughout their careers and into retirement.
Put simply, our purpose is to secure our members’ future.
We are prepared to be brave on behalf of our members. This comes through adapting to evolving needs, challenging others and collaborating to drive better results.
Our long-term approach can support more predictable, risk-adjusted outcomes, while opening a more diverse and attractive range of investment opportunities. It enables Railpen to be an ideal, long-term partner, cast a wider net for opportunities and make decisions on investments that may result in payoffs that are further into the future.
This patient approach to realising investment returns contributes to a diverse and resilient portfolio that will stand the test of time for our members, some of whom are joining the scheme today and may not realise their benefits for decades.
Railpen’s purpose to ‘secure our members’ future’ is driven by the Trustee’s vision to ‘pay members’ pensions securely, affordably and sustainably’.
We recognise that an 18-year-old joining the rail industry today may not retire for 40 or more years and will likely do so in a very different world from the one we live in today. That’s why our patient approach to investing contributes to a diverse and resilient portfolio that is expected to stand the test of time for our members, some of whom are joining the scheme today and who may not take their benefits for decades to come. This gives us a very long-term mindset.
Our long-term approach sees us investing in real assets – including the developments in Cambridge – because they provide the diversification, stability and long-term reliable growth our members’ need to help us to secure their future, while also enabling us to deliver social, economic, and environmental value.
