Scheme documents

This statement explains how the Trustee Board has met the legal requirements for running the Industry-Wide Defined Contribution Section of the Railways Pension Scheme (the 'IWDC Section') from 1 January 2022 to 31 December 2022.

You can read a copy of the full statement below. You can also read Appendix 1 - the Statement of Investment Principles - above and Appendix 2, which is an illustration of the cumulative effect of costs and charges, below.

The Sustainable Ownership Member Review highlights the work we have done to incorporate sustainability considerations into the investments we manage on behalf of our beneficiaries. The report is a condensed version of the key points made in the Stewardship Report (see below), addressing the topics and issues that members have identified as most important to them. 

You can read the Sustainable Ownership Member Review 2022 via the Railpen website. You can also read more on our Sustainable Ownership page.

The Stewardship Report details Railpen and the Trustee’s approach to ensuring your pension money is managed thoughtfully and sustainably to give you an income in retirement. The report offers an in-depth overview of the Sustainable Ownership efforts undertaken throughout 2022. It includes insightful examples and case studies that help illustrate the progress made at the largest companies that Railpen invests in, as well as news of progress on Railpen’s wider stewardship priorities. For background to Sustainable Ownership, see our Sustainable Ownership page. 

You can read the 2023 Stewardship Report via the Railpen website. You can also read more on our Sustainable Ownership page.

This document is by the Scheme administrator, Railpen. It sets out Railpen's plan to be net zero by 2050 or sooner. It covers both Railpen's investment portfolio and the emissions associated with its own corporate footprint.

You can read the Net Zero Plan 2021 via the Railpen website.