Roles and responsibilities | British Transport Police Force Superannuation Fund

The role of the Trustee

The Trustee looks after 4 railway industry pension schemes, one of which is the British Transport Police Force Superannuation Find (BTPFSF). Read more about its role and responsibilities below.

What the Trustee is responsible for

The Trustee delegates the day-to-day running of the schemes and the management of its assets to the Fund administrator, Railpen. You can read more about how the Trustee fits with Railpen on the Structure of the Trustee Board and Committees page.

The Trustee has overall responsibility for:

Administration of scheme benefits, collection of contributions, and payment of pensions
Actuarial Valuations
Investment and safe custody of assets
Management of risk, including cyber security
Member communications
Fund governance, including Trustee training, and
Oversight of Railpen and management of professional advisers

How the Trustee operates

The Trustee has a number of Committees, made up of Trustee Directors, to carry out some of its duties. This frees up the Trustee Board to focus on scheme-wide issues and strategy.

You can learn more about each Trustee Director and any Trustee Committees they belong to on the Meet the Trustee Board members page.

Some decisions are also delegated to Pensions Committees and to the Management Committee. You can read more about them on the Structure of the Trustee Board and Committees page and on the Management Committee page.

The magnitude of the Trustees' responsibilities is recognised under law. When using its powers, the Trustee must always consider what is in the best interests of members, and other beneficiaries, by acting in line with scheme rules, the law and the Pensions Regulator. It must also behave impartially, prudently, reasonably and honestly.

Where to find more information about the Trustee

You can find out more about the Trustee Directors' work on the Meet the Trustee Board Members page.

You can also read more in the latest Report and Accounts document. You can find them on the Fund documents page.

Each of Railpen Limited (registered in England and Wales No. 2315380) and Railway Pension Investments Limited (RPIL) (Registered in England and Wales No. 1491097) is a wholly owned subsidiary of Railways Pension Trustee Company Limited (Registered in England and Wales No. 2934539). Registered office for each company: 100 Liverpool Street, London EC2M 2AT. RPIL is authorised and regulated by the Financial Conduct Authority for some of its activities. The administration of occupational pension schemes is not a regulated activity. Full details about the extent of RPIL's authorisation and regulation by the Financial Conduct Authority are available from us on request.