Asset Owner Directory

Railpen Investments (RPMI)

The Railways Pension Scheme is one of the UK’s largest and longest established pension funds. RPMI Railpen (Railpen) is responsible for the safekeeping and investments behalf of the scheme’s approximately 350,000 members who are connected to the railway industry.

Country

United Kingdom

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$44

Performance (%, 1YR)

4.8

Chief Executive

Andy Bord

Chief Investment Officer

Mads Gosvig

Chair

Mike Craston

Asset allocation

44.48% Equities

5.54% Fixed Interest Securities

3.01% Indexed Linked Securities

5.88% UK Property

29.04% Pooled Investment Vehicles

0.32% Derivatives and Other Assets

11.73% Cash and Cash Equivalents

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of December 31, 2023. All information is as per the most recent annual report or other publicly available data via the fund's website

Top1000funds.com related articles

FIS Toronto 2024

The subtle complexity of best-practice pension management

Identifying best practice in pension management is not a straightforward task. As much as asset allocators may want there to be a definitive answer, differences in size, mandate and resources between different pension funds means an investment approach that works for one may not work for others.

Darcy SongJune 20, 2024

Investment Think Tanks

Building portfolio resilience in the face of uncertainty

As the multitude of macro-economic risks influence market conditions in unpredictable and unprecedented ways, CIOs are facing the most challenging and interesting times in their careers. A group of investors came together in London to shareideas on how to best assess risk and position their funds for the challenges and opportunities in this increasingly demanding market.

Amanda WhiteAugust 10, 2023

Asset Allocation

How Railpen keeps illiquid asset allocation on track

New research on private markets at Railpen has produced a framework that focuses on scenario planning and the uncertainty inherent in illiquid investments taking account of “portfolio steerability”, allocation drift and the impact on short-term liquidity management resulting in a more dynamic approach.

Amanda WhiteJuly 13, 2023

Strategy

UK industry pushes back on government talk to invest more at home

Policy makers in the UK are suggesting pension funds invest more at home to support economic growth, but investment executives at the funds say it's not that simple.

Sarah RundellJune 15, 2023

Asset Allocation

The problem with UK government pressure on pension funds to diversify

UK politicians are urging the country's pension funds to invest less in Gilts and more in riskier and complex assets including young UK companies, and infrastructure. Railpen's John Greaves, head of investment strategy and research explains the various problems with the plan.

Sarah RundellMay 29, 2023