Latest news | Railways Pension Scheme

Preserved members - watch out for Extra!

May 30, 2024

This year's issue will be landing on your doorsteps soon.
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Moving closer to a paperless pension

May 22, 2024

In response to members’ requests for a paperless pension, you’ll soon be able to get some of your paperwork online rather than by post.
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The power in preparing for your future part 2: Why it’s so important to think ahead

May 16, 2024

Research has proven that planning ahead could have a positive impact on the lifestyle you have in retirement, help to build your financial confidence and even boost your mental health.
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The power in preparing for your future part 1: Your step-by-step guide to planning ahead

May 15, 2024

As the saying goes, mighty oaks from little acorns grow. Here’s why doing a small amount of planning for your future today, could make a big difference to your life after work tomorrow.
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Your Spring-Summer issue of Penfriend is out now!

May 8, 2024

The latest issue of Penfriend, our newsletter for retired members of the railways pension schemes, is now available online.
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Life re-starts at retirement

May 7, 2024

We’ve pulled together our top tips to help ease recent retirees into life after work and enrich their experiences.
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Read your Spring Focus online

Apr 16, 2024

The latest issue of the Focus newsletter for members currently paying into the Fund is now online.
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Take control of your financial wellbeing with the new MoneyFit

Apr 10, 2024

Your MoneyFit tool has been improved with some exciting new features, now available in your myFund account.
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New Lump Sum Allowances being introduced

Apr 3, 2024

The Lifetime Allowance (LTA) will end in April 2024 and will be replaced by new allowances. Although not everyone is affected by the change, this article explains the developments and what they might mean for you.
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Is the State Pension enough to live on?

Apr 3, 2024

The State Pension will increase by 8.5%, to £221.20 a week in April. But here’s why that might not be enough to make ends meet when your working days are over…
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For the 2024/25 year, your railways pension will increase by up to 6.7%

Mar 28, 2024

Your 2024/25 pension increase will be effective from 8 April 2024. Here’s more information about your pension increase.
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Why a freeze on your pension contributions may not be a good idea

Mar 18, 2024

As the cold months of winter come to an end, we explain why a freeze on your pension contributions now could impact your financial future later.
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Understanding the 'G' in 'ESG'

Mar 14, 2024

The ‘G’ in ESG stands for ‘governance’ (or corporate governance) and refers to the way a company is managed.
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Free will writing for the rail industry this month

Mar 12, 2024

Charity the Railway Benefit Fund (RBF) has teamed up with free will writing service Bequathed to offer free will writing to the rail industry this March.
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Your pension updates from the Spring Budget 2024

Mar 7, 2024

On 6 March the Chancellor of the Exchequer, Jeremy Hunt, delivered the government’s Spring Budget 2024. So, what does it mean for pensions?
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Mind the gender pension gap

Mar 7, 2024

The gender pension gap is a serious issue which has led to women making up more than two-thirds (67%) of pensioners currently living in poverty in the UK.
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Nourish your mental, physical and financial wellbeing this leap year - 29 February

Feb 29, 2024

Use your extra day this leap year to do things that are good for you, your finances and your future.
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Maximise your pension saving before the 2023-24 tax year ends

Feb 26, 2024

The tax year is ending soon. Here’s why you might want to save more into your pension before the tax year is up.
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Scams are on the rise - keep your guard up!

Feb 19, 2024

Pension savers have lost a total of £26.4 million to pension scams in the past few years.
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Cost of retirement up by thousands

Feb 16, 2024

New figures show that the cost of retirement has risen by up to £9,100 a year, depending on the type of lifestyle you want when you stop work.
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Also in this section

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.