All Railpen articles
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People News
Appointments: LPPI, Railpen, LGPS Central, Isio, Hymans, Cartwright
The latest hires, promotions and appointments for the week ending 7 March 2025.
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News
Pension funds lobby against ‘unfair’ share structures
Some of the UK’s biggest pension schemes are stepping up their action against companies with dual class share structures, arguing that these are “diluting shareholders’ ability to influence portfolio companies”.
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People News
Railpen names Bord as new chief executive
Andy Bord is to lead Railpen as its chief executive from October this year, the multi-employer scheme has announced.
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Opinion
Adapting solutions to member needs in today’s world
The pensions landscape has changed rapidly over the past decade. Populations, wealth and technological advancements have all ballooned, with a huge impact on the pensions industry.
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News
Railpen leads bondholder stewardship group
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the launch of a new bondholders’ stewardship working group, the adoption of a formal ESG policy by BlackRock’s LifePath UK DC investment strategy, and a new global standard for stewardship resourcing.
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News
Railways Pension Scheme manager updates voting policy
On the go: Railpen, the manager of the £35bn Railways Pension Scheme, has introduced new voting policies on cyber security, climate transition and biodiversity, and mental health for its 2023 annual meeting season.
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News
Experts warn DWP rules could lead more schemes to LDI
With pension funds still dealing with the current market turmoil, experts point out the government’s proposed rules for defined benefit funding could force schemes into an even lower-risk environment, increasing the need for liability-driven investments.
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News
Railpen stands by investment in Chinese government debt
The manager of the Railways Pension Scheme has stood by the scheme's decision to invest in Chinese government bonds in 2021, despite allegations of human rights abuses committed by the country's government.
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News
Railpen takes joint majority stake in battery energy storage platform
On the go: The Railways Pension Scheme, which manages more than £37bn in assets, has jointly acquired a majority stake in a battery energy storage company with the C$140.2bn (£90.2bn) Alberta Investment Management Corporation.
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News
Pensions engagement campaign to launch this autumn
On the go: The first iteration of a new pensions engagement campaign created by the Association of British Insurers and the Pensions and Lifetime Savings Association will run from September to November.
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News
Railpen launches voting coalition, BlackRock expands client voting
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Railpen announcing a pushback against “unequal voting rights” and BlackRock giving its pension clients more say in how they take part in shareholder votes.
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News
Railpen and Greater Anglia to compensate over settlement delay
The Pensions Ombudsman has ordered Railpen and train operator Greater Anglia to each pay £17,500 after a former member’s estate incurred an increased tax bill after a two-year wait for settlement.
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News
Railpen tells investors to prioritise companies for engagement
On the go: Railpen, which manages around £35bn in assets for the Railways Pension Scheme, has devised a new “systematic framework” on net zero stewardship in partnership with the Institutional Investors Group on Climate Change.
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News
Schemes and providers team up to push pensions engagement
On the go: Around 15 pension providers and schemes representing approximately 41.5mn savers and customers have committed to support a campaign to encourage engagement with pensions.
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News
Pension Protection Fund pulls out of Russia
On the go: The Pension Protection Fund will eliminate its negligible exposure to Russian assets when liquidity in the market improves, it has announced.
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News
USS strengthens net zero goal, PIC and Railpen invest in social housing
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, as the Universities Superannuation Scheme increases the scale of its net zero ambitions, the Pension Insurance Corporation backs Northern Irish social housing and the Railways Pension Fund agrees to fund affordable housing in east London.
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News
Railpen commits to new stewardship goals in 2022 policy
On the go: Railways Pension Scheme manager Railpen is emphasising its commitment to net zero, while also highlighting the approach it aims to take with its portfolio companies over the next 12 months in its newly published 2022 voting policy.
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News
Pension funds ‘outcompeted’ on UK green infrastructure investments
Sky-high demand for UK green infrastructure assets means pension funds are often unable to invest as much as they would like in the asset class, industry figures have argued.
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News
Is social policy essential for schemes to promote change?
Integrating environmental, social and governance credentials into pensions has become increasingly common, yet deciding whether schemes should adopt a specific policy on social matters has become a point of contention.