The Trustee

The Trustee looks after your interests as a member of the Fund.

It is the trustee for four railway industry pension schemes. Two of these schemes - the Railways Pension Scheme (RPS) and the British Transport Police Force Superannuation Fund (BTPFSF) - are open to new members.

• Administration of scheme benefits, collection of contributions, and payment of pensions;
• Investment and safe custody of assets;
• Management of risk, including cyber security;
• Member communications;
• Scheme governance, including trustee training; and
• Oversight of Railpen and management of professional advisers

​The Board of 16 Trustee Directors helps maintain high standards of governance for the schemes. Eight Trustee Directors are nominated by employers and eight by members. Roughly a third of the directors retire by rotation every two years, and their term of office is six years.

The experience and skills of Trustee Directors are the cornerstones of the Board. For example, directors attend Board and Committee meetings, in addition to various workshops, strategy events, and training seminars.

Learn more about the current members of the Trustee Board »

Current vacancies:

• Following the death of Gerry Doherty in September 2023, there is currently an Employee Director vacancy on the Trustee Board. 
• As one of the Employee Director’s listed above has a 2024 term of office, on 16 February 2024, we issued the nomination pack for the 2024 Trustee Election in respect of Employee Directors. In line with the Articles of Association, the pack has been sent to all the rail Trade Unions, the BT Police Federation, and all Pensions Committees and Management Committees (excluding 1994 Pensioners Section), who are eligible to nominate into this vacancy. The closing date for nominations is 25 April 2024.