About Railpen


Who are we and what do we do?

Our purpose is to secure our members’ future and our dedicated teams help half a million members by providing pensions services across a range of industries.

For our Rail members we’re responsible for the safekeeping and investment of about £35 billion in assets as well as the administration of a number of pension schemes, including the Railways Pension Scheme, which is one of the UK’s largest and longest established pension funds. It’s this proud heritage looking after the pension needs of the rail industry that gives us our name; Railpen.

Fund management

We invest the Railways Pension Schemes’ assets to generate strong investment returns over the long term.

Pensions Administration

Pensions administration has been at the heart of our business for over 45 years and we are proud that we have built a passionate business based on our industry knowledge and expertise.

We have a wide range of innovative services for employers and trustees of pension schemes, providing you with access to a variety of professional, knowledgeable staff who are dedicated to providing a first-class service for pension scheme members.

We offer everything from scheme administration to communications and technical support, all delivered by our experts. Find out more about how we can help you, and your members.

Learn more

How do we do things?

We know that it’s the way we do things that will make us successful. Our culture and behaviours are a critical part of being a world leading pension fund.

We Take Ownership: We know what we are responsible for and are empowered to deliver. We have clear priorities and share a sense of personal accountability which means we trust each other to deliver their part in our collective goals.

We Are Collaborative: We go further by acting together, sharing our ideas, expertise, ambition and energy. By being open and challenging we make better decisions.

We Are Pioneering: We are curious and courageous, always open to new ideas and striving for better ways of doing things. We embrace innovation and act on our convictions.

What is it like to work here?

The unique nature of Railpen offers our people a wide variety of interesting opportunities for innovation, thought leadership and personal development.

We encourage people to challenge each other and explore unconventional ideas. We offer support and encouragement while giving each other the space to learn from our mistakes. We listen and take time to understand other people’s ideas and what they do, and what we need from each other to be at our best.

We are a team that understands the role we all play and the value we create. We communicate openly and honestly, and have realistic expectations of each other. We know how to get things done, and done well.

We trust and respect each other, recognising the whole is greater than the sum of the parts, and ensure the efforts and performance of everyone are recognised and rewarded.

We are all really proud of what we do.

Every day we work together to help create a better future for 500,000 people and their families.

Each of Railpen Limited (Registered in England and Wales No. 2315380) and Railway Pension Investments Limited (RPIL) (Registered in England and Wales No. 1491097) is a wholly owned subsidiary of Railways Pension Trustee Company Limited (Registered in England and Wales No. 2934539).

Registered Office for each company: 100 Liverpool Street, London EC2M 2AT. RPIL is authorised and regulated by the Financial Conduct Authority for some of its activities. The administration of occupational pension schemes is not a regulated activity.

Full details about the extent of RPIL’s authorisation and regulation by the Financial Conduct Authority are available from us on request.