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<h3>What is a myRPS account?</h3><p>Your <a href="https://www.railwayspensions.co.uk/register" data-sf-ec-immutable="">myRPS account</a> is your own online pension account. It’s a secure area of the site that’s all about you and your pension and it’s the quickest, easiest and most convenient way to take control of your pension. </p><p>Your myRPS account is also packed with benefits that you won't find anywhere else on the Railways Pension Scheme website.<br></p><h3>Why sign up?<br></h3><p>Here’s how a myRPS account can make managing your pension so much easier:<br></p><p><strong>24/7 access</strong></p><p>Your myRPS account gives you secure access to your pension information whenever you need it, day or night. Whether you’re checking your details or planning for retirement, you can do it at a time and place that suits you.</p><p><strong>Self service</strong></p><p>You can manage your personal details, make or update nominations, and reset your password without needing assistance. </p><p>IWDC and BRASS members can also manage and switch their investment funds directly through their account.</p><p><strong>Pension planning support</strong></p><p>Within your myRPS account, there are some great, easy tools to help you get an idea of what you can expect to get when you start taking your pension and help you plan more efficiently for your future.&nbsp;</p><p>You can request unlimited online estimates to see what you’re likely to receive in retirement. These are updated in real time and can be generated as often as you like.</p><p>You can also access a resource library tailored to your section and membership. This includes scheme rules and guidance to help you make informed decisions.</p><p><strong>Tailored news and updates</strong></p><p>Stay informed with tailored news and Scheme updates. By registering for a myRPS account, you will also get regular e-bulletins via email which feature important information about the Scheme and wider pension news.</p><p><strong>Contact us directly</strong></p><p>Need to ask a question or send a message? Do it directly from your myRPS account – no need to call or write to us.</p><p><strong>Better for the environment</strong></p><p>Essential documents, such as P60s, letters, and annual benefit statements, are available to view and download directly from your account. No more searching through piles of paper.<a id="_anchor_1" href="https://railpen.sharepoint.com/sites/CustomerExperienceFunction/ProjectsActive/RAIL/RPS/Web/RPS%20website%20-%202024%20onwards/Content/4%20-%20Knowledge%20hub/2%20-%20News%20and%20views/News/Draft%20-%20Sign%20Up%20for%20a%20myRPS%20online%20account.docx#_msocom_1" name="_msoanchor_1" data-sf-ec-immutable=""></a></p><p>By using your myRPS account, you’re helping reduce paper waste and supporting a more sustainable future. </p><p>You can still opt to receive paper copies if you prefer – just let us know.</p><h3>How to register</h3><p>When you <a href="https://www.railwayspensions.co.uk/register" data-sf-ec-immutable="">register for your myRPS account</a>, you’ll need the following to hand: &nbsp;&nbsp;<br></p><ul><li>Your pension reference number – you can find this on any recent letters we’ve sent you&nbsp;</li><li>Your National Insurance number&nbsp;&nbsp;</li><li>Your date of birth&nbsp;&nbsp;</li><li>Your email address (we recommend using a personal one in case you change jobs)&nbsp;</li><li>Your mobile number<br></li></ul><p>You’ll also need to set up your security details by:&nbsp;&nbsp;<br></p><ul><li>Creating a password&nbsp;&nbsp;</li><li>Choosing a security question and answer&nbsp;&nbsp;<br></li></ul><p>You’ll then set up a password and security question, before verifying your account via email.<br></p><p>Once registered, you’ll be prompted to add your mobile number to improve your account security. You’ll also need to verify your mobile number using similar steps to the login process.<br></p><p>Register today and start exploring your myRPS account or visit <a href="https://www.railwayspensions.co.uk/register" data-sf-ec-immutable="">Register for your mRPS account</a> for more information.</p>

<div><span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">Your pension is more than just numbers on a page – it’s your future, your plans, and your peace of mind. Railpen’s role, as administrator and investment manager of the railways pension schemes, is to help look after that future for you; by investing your contributions sustainably and making sure your pension is paid securely when you retire.&nbsp;</span><span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">&nbsp;</span></div><div><br></div><div>In this blog you’ll learn more about what happens behind the scenes, how your money is invested, and how Railpen works every day to support the retirement you’re building.&nbsp;<span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">&nbsp;</span></div><div><br></div><h5>Who Railpen supports and how&nbsp;</h5><div>Railpen began in 1965 as the pensions office for the British Rail Pension Scheme. Today, it operates&nbsp;&nbsp;<span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">four railways pension schemes on behalf of The Railway Pensions Trustee Company Limited (RPCL).&nbsp;</span></div><div><br></div><div>These are:&nbsp;&nbsp;</div><div><br></div><ul><li>The Railways Pension Scheme (RPS) – which is still open to new members&nbsp;&nbsp;</li><li>The British Transport Police Force Superannuation Fund (BTPFSF) – which is still open to new members&nbsp;</li><li>The British Railways Superannuation Fund (BRSF) – which is closed to new members&nbsp;</li><li>BR (1974) Pension Fund – which is closed to new members </li></ul><div>Across these schemes, Railpen supports more than 350,000 active, preserved and retired members – as well 150 employers – managing assets, administration, and communications on their behalf.&nbsp;&nbsp;</div><div><br></div><div>But what does that mean in practice and how does it impact you? Read on to find out more, or watch this short video…&nbsp;</div><div><span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">&nbsp;</span></div><div data-sf-ec-immutable="" class="-sf-relative" contenteditable="false" style="width: 560px; height: 315px"><div data-sf-disable-link-event=""><iframe width="560" height="315" src="https://www.youtube.com/embed/dnScL5e6lhU?si=pEkm6ujaY8O2T9Kv" title="YouTube video player" sandbox="allow-scripts allow-same-origin allow-presentation allow-popups allow-popups-to-escape-sandbox"></iframe></div></div><p>&nbsp;</p><h5>How Railpen manages your money&nbsp;&nbsp;</h5><div>Railpen manages more than £34 billion in assets, which it uses to help pay members’ pensions when they retire or otherwise leave the scheme.&nbsp;&nbsp;</div><div><br></div><div>Part of these assets come directly from the money (or ‘contributions’) that you and your employer pay in.&nbsp;&nbsp;</div><div><br></div><div>However, a much larger proportion comes from returns generated by Railpen’s award-winning investment team.  In fact, for every £1 the scheme pays out, around 75p comes from investment growth.&nbsp;&nbsp;</div><div><br></div><div>For defined benefit (DB) pensions – which includes most Sections of the Scheme – the money that members and employers pay in is pooled together and invested by Railpen. This doesn’t change how much pension you get – that’s set by the Rules of your Section. But it does help keep the Scheme strong for the future and helps to pay members’ pensions securely, affordably and sustainably.&nbsp;</div><div><br></div><h5>How does Railpen decide where to invest?&nbsp;</h5><div>Railpen follows a clear investment strategy, built around the needs of the scheme and its members.&nbsp;&nbsp;</div><div><br></div><div>For example, Railpen believes that a mix of investments delivers better long-term outcomes for members and helps to protect against ups and downs in the market.&nbsp;&nbsp;</div><div><br></div><div>In short, this means that Railpen invests your money across a wide range of companies and brands, both in the UK and further afield, which have been carefully selected to generate good financial returns over the longer-term.&nbsp;&nbsp;</div><div><br></div><div>Railpen also believes that considering a range of environmental, social and governance (ESG) factors, such as climate change and how companies are run, are essential to delivering these strong returns for members. By taking these issues into account in its investment decisions, Railpen aims to protect members’ savings, manage long- term risks and contribute positively to the world members retire into.&nbsp;</div><div><br></div><div>Railpen’s CEO, Andy Bord said:<em> “Every single decision that we take puts the members right at the centre. And every pound of profit that’s made is about securing the ability to pay their pensions affordably and sustainably, whether they’re a new starter in the railway industry today or someone that’s been serving for the last 40 years.”&nbsp;&nbsp;</em></div><div><br></div><div>We’ll be publishing a series of blogs over the coming months, putting the spotlight on some of Railpen’s current investments and what they mean for your pension, so please come back and read those soon.&nbsp;&nbsp;</div><div><br></div><div>In the meantime, you can find out more about Railpen’s approach to investing in the&nbsp;&nbsp;</div><div><a href="/knowledge-hub/investments">investment section of this website</a> and on <a data-sf-ec-immutable="" target="_blank" href="https://www.railpen.com/">Railpen's website</a>.&nbsp;</div><div><br></div><div>And in these short videos:&nbsp;&nbsp;</div><div><br></div><div data-sf-ec-immutable="" class="-sf-relative" contenteditable="false" style="width: 560px; height: 315px"><div data-sf-disable-link-event=""><iframe width="560" height="315" src="https://www.youtube.com/embed/6iHd09WsT8U?si=h_jfvYeI197DvC6l" title="YouTube video player" sandbox="allow-scripts allow-same-origin allow-presentation allow-popups allow-popups-to-escape-sandbox"></iframe></div></div><div><p><strong style="background-color: rgba(0, 0, 0, 0); color: inherit; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">Railpen’s investment beliefs</strong></p><p><br></p></div><div><div data-sf-ec-immutable="" class="-sf-relative" contenteditable="false" style="width: 560px; height: 315px"><div data-sf-disable-link-event=""><iframe width="560" height="315" src="https://www.youtube.com/embed/L5TAYUic9_Y?si=Ykh1aEzjBEmBn-c_" title="YouTube video player" sandbox="allow-scripts allow-same-origin allow-presentation allow-popups allow-popups-to-escape-sandbox"></iframe></div></div><strong>Railpen's UK investments&nbsp;</strong></div><div>&nbsp;</div><div></div><div><br></div><h5>How investments work for defined contribution (DC) pensions&nbsp;</h5><div>Investments work differently for defined contribution (DC) pensions than they do for defined benefit (DB). DC pensions include the IWDC Section and the Additional Voluntary Contributions arrangements (BRASS and AVC Extra). You can find out more about investments in DC pensions specifically on the Investing: Basics I need to know pages for <a href="/iwdc-members/managing-investments/investing--the-basics-i-need-to-know">IWDC members</a> or for <a href="/defined-benefit-members/saving-more-BRASS-AVC-Extra/the-basics-of-investments">BRASS and AVC Extra members</a>. &nbsp;</div><div><br></div><h5><span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">When you might hear from Railpen&nbsp;&nbsp;</span></h5><div>As the administrator and investment manager of the railways pension schemes, Railpen is the driving force behind its day-to-day operations. This means, that even though you might contact the Railways Pension Scheme (RPS), British Transport Police Force Superannuation Fund (BTPFSF), British Railways Superannuation Fund (BRSF) or BR (1974) Pension Fund, it is ultimately the team at Railpen that will be responding to your queries and supporting you on your pensions journey.&nbsp;&nbsp;</div><div><br></div><div>They are also responsible for producing the communications that keep you up to date with your pension, such as your annual newsletter and regular e-bulletins. And for developing the scheme websites and tools that help you to manage your pension online.&nbsp;&nbsp;</div><div><br></div><div>In doing so, Railpen’s core aim is to make it as clear and easy as possible for members to get to grips with their pension, from the day they join the Scheme and throughout key life moments, in order to the get the best outcomes possible.&nbsp;&nbsp;</div><div><br></div><div>Nicola Cromack, Chief Officer for Member Services at Railpen, said:<em> “Pensions are about people and we understand the difference we can make to the lives of our members and their families. They rely on us to pay the pensions they’ve been promised and doing so is our fundamental duty, our role and our privilege.”&nbsp;</em></div><div><br></div><div><p>You can hear more from Nicola about Railpen’s member-first culture in this short video:&nbsp;</p><div style="width: 560px; height: 315px" contenteditable="false" class="-sf-relative" data-sf-ec-immutable=""><div data-sf-disable-link-event=""><iframe title="YouTube video player" src="https://www.youtube.com/embed/dnScL5e6lhU?si=pEkm6ujaY8O2T9Kv" height="315" width="560" sandbox="allow-scripts allow-same-origin allow-presentation allow-popups allow-popups-to-escape-sandbox"></iframe></div></div><p><span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit"></span><span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit"></span></p><p><span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">Railpen also works closely with employers with Sections in the Scheme to provide support and keep them fully informed of developments either within the Scheme or the wider pensions industry.&nbsp; &nbsp;</span></p></div><h5>Where to find out more&nbsp;&nbsp;</h5><div>Over the coming months, we’ll be delving deeper into how Railpen invests for your future, with blogs about its different type of assets, including some real-world examples of investments in property and stocks.&nbsp;&nbsp;</div><div><br></div><div>In the meantime, you can find out more in the following sections of your member website&nbsp;&nbsp;</div><div><br></div><ul><li><a href="/knowledge-hub/about-the-scheme">about the Scheme&nbsp;&nbsp;</a></li><li><a href="/knowledge-hub/investments">investments</a>&nbsp;</li></ul><div>And at <a data-sf-ec-immutable="" target="_blank" href="https://www.railpen.com/">railpen.com&nbsp;</a></div><div><br></div><div>You can also read more about investments and the Scheme’s assets, in a number of publications including the annual Report and Accounts and Sustainable Ownership Member Review. These can be found on the <a href="/knowledge-hub/investments/investment-reports">investment reports page</a>.&nbsp;&nbsp;</div><p>&nbsp;</p>

<div><p><span style="background-color: rgba(0, 0, 0, 0); color: inherit; font-family: inherit; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">The money paid into the Scheme by members and employers does not simply sit in an account. It is pooled together and invested by Railpen, which looks after the railways pension schemes and manages investments on behalf of the Trustee.&nbsp;&nbsp;</span></p><p><span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit; color: inherit; font-family: inherit">Because the value of investments can go up and down over time, a large part of Railpen’s approach is focused on managing risk and uncertainty. This supports the Trustee’s aim to pay members’ pensions securely, affordably, and sustainably.&nbsp;&nbsp;</span></p></div><div>If you are new to this topic, you may want to read our earlier blog, <a href="/knowledge-hub/news-and-views/blogs/rps-blog/2026/04/01/railpen---investing-your-pension-for-the-future">Railpen – investing your pension for the future</a>, which explains more about how your pension is invested and why it matters.&nbsp;<span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">&nbsp;</span></div><div><br></div><h4>Investing means managing uncertainty&nbsp;</h4><div>All investments involve some uncertainty. The economy changes, and longer-term issues can affect how companies and markets perform.&nbsp;</div><div><br></div><div>Railpen cannot get rid of this uncertainty completely, but it does work hard to manage key risks and protect members’ pensions over the long term.&nbsp;&nbsp;</div><div><br></div><div>One of the main ways Railpen does this is through <strong>diversification</strong>.&nbsp;&nbsp;</div><div><br></div><div>This means spreading the Scheme’s investments across different asset classes, such as company shares, bonds, and physical assets, like property or infrastructure, as well as different industries and countries, rather than relying too heavily on any one area. This helps reduce the impact if one investment performs less well, because others should help balance this out over time.&nbsp;</div><div><br></div><div>Another way Railpen manages risk is by <strong>taking a long-term view</strong>.&nbsp;&nbsp;</div><div><br></div><div>Pensions are long term by nature. Some of the railway pension schemes’ 350,000 members are already receiving their pension, while others may not retire for many years. This means Railpen can take a long-term view when investing, looking beyond short-term market changes and focussing on the issues that could affect members’ pensions in the future.&nbsp;</div><div><br></div><div>Railpen does this by taking into account a wide range of risks and uncertainties, such as inflation, market changes, and global events, as well as longer-term issues like climate change.&nbsp;</div><div><br></div><h4>Why climate change matters to your pension&nbsp;</h4><div>Climate change is not just an environmental issue. It can also affect the value of investments over time.&nbsp;</div><div><br></div><div>For pension schemes like ours, climate-related risks can affect:&nbsp;</div><div><br></div><ul><li>the companies the Scheme invests in and the value of those investments&nbsp;</li><li>the employers that support the Scheme&nbsp;</li><li>the cost of paying pensions in the future </li></ul><p>Because climate change affects so many parts of the economy, these risks cannot be avoided completely. For example, changes in law, new technologies and the shift to a lower-carbon economy can all affect different industries in different ways. More frequent extreme weather can also affect companies; infrastructure, and the goods and services they rely on.&nbsp;</p><div>This is why the Trustee, supported by Railpen, considers climate-related risks and opportunities as part of its wider approach to investing your pension.&nbsp;</div><div><br></div><div>In practice, for Railpen this means:&nbsp;&nbsp;</div><div><br></div><ul><li>taking climate-related risks into account when deciding where to invest&nbsp;</li><li>working closely with the companies they invest in on how they manage these risks&nbsp;</li><li>choosing not to invest in some areas where the risks are considered too high </li></ul><div>Railpen also looks for suitable investment opportunities linked to the move towards a lower-carbon economy, where these support the needs of the Scheme.&nbsp;</div><div>&nbsp;</div><div>For example, Railpen currently has a 50% stake in AGR Power (AGR), a leading London-based renewable energy and sustainable infrastructure developer. It has also invested more than £500 million in UK energy infrastructure projects since 2019.&nbsp;&nbsp;</div><div><br></div><div>&nbsp;<span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">The latest Taskforce on Climate-Related Financial Disclosures (TCFD) Report explains this in more detail and outlines why managing climate-related risk is an important part of acting in members’ best interests.&nbsp;&nbsp;</span></div><div><br></div><div>&nbsp;<span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">It also shows what progress the railways pension schemes are making towards their climate targets, including halving their carbon footprint by 2030 and being net zero by 2050 or sooner.&nbsp;</span></div><div><br></div><div>&nbsp;<span style="background-color: initial; font-size: inherit; text-align: inherit; text-transform: inherit; word-spacing: normal; caret-color: auto; white-space: inherit">You can read the TCFD report in full <a target="_blank" href="https://cdn-suk-memberportal-preprod-002.azureedge.net/mp-sitefinity-preprod/docs/default-source/tcfd-reports/tcfd-report.pdf?sfvrsn=ef9f0be8_16">here</a> or via the <a href="/knowledge-hub/investments/investment-reports">investment reports page</a>.&nbsp;</span></div><div>&nbsp;</div><h4>Where to find out more about our investments&nbsp;</h4><div>You can:&nbsp;</div><div><br></div><ul><li>read our earlier blog, <a href="/knowledge-hub/news-and-views/blogs/rps-blog/2026/04/01/railpen---investing-your-pension-for-the-future">Railpen – investing your pension for the future</a>, to learn more about how your pension is invested&nbsp;</li><li>visit the <a href="/knowledge-hub/investments">Investments section</a> of the website for more information about Railpen’s approach to investing&nbsp;&nbsp;</li><li>read the <a target="_blank" href="https://cdn-suk-memberportal-preprod-002.azureedge.net/mp-sitefinity-preprod/docs/default-source/tcfd-reports/tcfd-report.pdf?sfvrsn=ef9f0be8_16">latest TCFD report</a> for more detail on how climate-related risks and opportunities are taken into account&nbsp;&nbsp;</li></ul>