We take a long-term, multi‑asset investment approach that integrates financial and sustainability outcomes, builds resilient portfolios, and leverages our scale and governance to generate stronger, risk-adjusted returns for our members.
Investing for the future
Unlocking opportunities
Our long-term approach drives more predictable, risk-adjusted results and expands our access to diverse investment opportunities. It empowers Railpen to act with conviction, build lasting partnerships, and investments that result in payoffs far into the future.
Diversified portfolios
By patiently observing how assets behave in different conditions and developing bespoke strategies, our talented team selects, structures and sizes a diverse and resilient portfolio that will stand the test of time for our members. This long term focus helps us to safeguard the interests of our members.
Built on trust
Our approach is underpinned by the trust and support of our Trustee, sponsoring employers and our members, who empower us to deliver for them. Our long-term, focused approach can support more predictable, risk-adjusted outcomes, while opening a more diverse and attractive range of investment opportunities.
Powering better futures
We want to invest in ways that secure the best long‑term outcomes for members, guided by our core investment beliefs. As a fiduciary manager, we use our scale, strong governance and strategic capabilities to benefit all the schemes we support.
We’ve built rigorous frameworks to avoid unintended risks and to actively manage emerging ones, ensuring that our approach remains resilient and future‑focused.
We believe financial and sustainability outcomes go hand‑in‑hand. They are essential to protecting our members’ interests over the long term, so we take a fully integrated, best‑in‑class approach to achieving both.
Driving positive change
We recognise the responsibility that comes with acting on behalf of our members. This means engaging meaningfully with businesses and stakeholders to deliver positive outcomes – and helping to create a world our members will want to retire into.
Our stewardship approach is thoughtful and evidence‑based. We conduct deep research, build clear engagement roadmaps, and use a wide range of tools to tailor our engagement to each situation, always aiming for long‑term impact.
Collaboration sits at the heart of what we do. By working collectively, we ensure our engagement drives broader, systemic change where it matters most.
"Railpen invests globally in multiple markets and in a wide range of assets. Each individual asset is designed, developed, and operated to reflect the needs of communities and businesses while also benefiting the wider UK economy. This means that spaces of the highest quality are of the highest importance. "
Senior Asset Manager / Railpen
Where we invest
Multi-asset approach
Railpen's multi-asset approach allows us to deliver better long-term outcomes and risk-adjusted returns that meet our members' needs. Many asset owners have single asset pooled funds and a more rigid strategic asset allocation process.
Diverse and flexible
We take a diverse approach across different asset classes and balance delivering tailored sections for members while maintaining an overarching multi-asset approach. Diversification is key to managing risks; our flexible approach allows investment in a wide range of asset classes, allowing us to build portfolio resilience to current and potential risks.
Long-term horizons
Our long-term investment horizons allow us to take positions in less liquid asset classes, such as real estate, infrastructure, and emerging technologies by taking on carefully considered development risk. Only a long-term approach can facilitate this.
Strategic partnerships
Railpen is in many ways the ideal counterparty to invest with; strategic partnerships require long-term mindsets, which is something Railpen is well-positioned to deliver.
Outcome-orientated
We are outcome-oriented, focusing on the needs of the schemes and their members and are not constrained by chasing short-term benchmarks. We carefully navigate short-term uncertainty by building resilient, diversified portfolios able to benefit when others cannot.
Explore our portfolios
Public markets
Our Public Markets team is responsible for managing the Schemes’ investments in equities and fixed income, both directly and through overseeing external managers.
Private markets
We take a flexible approach, underpinned by the trust and support of the Trustee, the sponsoring employers and our members which empowers us to deliver on the long-term strategy strategies.
Real assets
Our member-first culture is at the heart of everything we do. Our Real Assets team builds an investment portfolio of property and infrastructure to secure our members’ pensions affordably, securely and sustainably, while also seeking to positively impact our economy, environment and communities.