Our purpose brought to life
For more than half a century, Railpen has been driven by one purpose: to secure our members’ future.
Our story is rooted in our rail heritage and shaped by long‑term thinking, and the film brings this to life – showing how our purpose guides us and how we support the 350,000 members who rely on us.
Our latest updates
Discover our latest news, statements and perspectives on our work to secure our members’ future.
26 Feb 2026
Railpen appoints Helen Whelan as Chief Risk Officer and Sian Myers as Chief People Officer
Railpen, manager of the £34bn railways pension scheme in the UK, has appointed Helen Whelan as Ch...
23 Feb 2026
Railpen’s portfolio company AGR Power secures 146mw solar capacity in latest UK government power auction
Railpen, manager of the £34bn railways pension scheme in the UK, through its portfolio company AG...
05 Feb 2026
Railpen’s Botanic Place HQ Development in Cambridge achieves 100% BREEAM score at design stage
Railpen, manager of the £34bn Railways Pension Scheme in the UK, has achieved a BREEAM ‘Outstandi...
Supporting our members
Railpen exists to secure the future of Britain’s rail workers, and the way we operate the railways pension schemes is central to that purpose. We run the pensions of more than 350,000 members, using decades of rail heritage and a clear operational focus to manage complex processes, support informed decision‑making and deliver services that evolve with members’ needs.
"Every single decision that we take puts the member right at the centre, and every pound of profit that's made is about securing our ability to pay our members' pensions in the future when they retire."
CEO / Railpen
Strength in how we operate
Managing over £34bn in assets, we take a disciplined approach that ensures pensions are paid securely, affordably and sustainably. Our member‑first culture shapes how we design and improve operations – from administering benefits to applying strong governance and working with the rail industry and policymakers to support better outcomes. At Railpen, purpose and operational strength work together to protect the financial futures of the people who keep rail moving – today and for generations to come.
Creating long-term value
Through disciplined portfolio construction, thoughtful stewardship and diversified investments, we focus on delivering predictable, risk‑adjusted outcomes that protect and grow members’ savings over the long term.
Investing for the future
We take a long‑term, multi‑asset approach that delivers more predictable, risk‑adjusted outcomes and expands access to diverse opportunities – helping secure our members’ future.
Delivering resilient outcomes
Our scale, governance and disciplined approach strengthen portfolio resilience and support long‑term results for members across changing market conditions.
Driving positive change
We engage thoughtfully with businesses and policymakers to support long‑term value creation – helping build stronger companies, resilient markets and a world our members will want to retire into.
Where we invest
Our diversified, patient and flexible investment approach spans private markets, public markets and real assets – building resilient portfolios designed to meet members’ needs over the long term.
Thinking that helps shape the industry
Discover Railpen's research, reports and policy thinking – developed independently and with our industry peers to amplify our collective voice on behalf of our members.