Railpen’s purpose is simple – to secure our members’ future.
We manage over £34bn in assets for more than 350,000 members, delivering pension administration and investment services for defined benefit (DB), defined contribution (DC) and hybrid schemes, including the Railways Pension Scheme.
We are built on our heritage. Our history of helping everyday, hardworking people save for their retirement stretches back more than half a century. From our beginnings in 1965 as the pensions office for the British Rail Pension Scheme, we’ve innovated and evolved to serve the needs of the industry and the financial future of its workers.
We are committed to better member outcomes. Our role is delegated to us by our Trustee, whose unwavering passion to put members’ interests first is integral to everything we do – from how we administer the schemes to how we select, structure and size investments to protect and grow the long-term value of members’ savings.
We are agile and innovative. Guided by integrity, the importance we place on collaboration, and our member-first approach, we work with policymakers and industry leaders to advocate for a progressive and supportive policy environment that helps us to secure our members’ future and shape a more sustainable pensions landscape.
We are different from the norm. All profits are reinvested into paying pensions securely, affordably and sustainably, embracing long-term investments that benefit communities, promote innovation, and strengthen the UK economy.
We are Railpen.