The Trustee and Railways Pension Scheme (RPS) Actuary are about to embark on a valuation of each Section of the RPS, which will have an effective date of 31 December 2025. 

These valuations will be subject to a new regulatory regime, which will impact the valuation process. As part of this, the Trustee will need to determine a Funding and Investment Strategy and agree with employers how it is recorded in Part 1 of a new Statement of Strategy document.

Work behind the scenes to prepare for the valuations has been going on for over a year. Now, we’re moving on to the next stage of the process: in October, the Trustee and RPS Actuary will be launching a joint consultation with employers and Pensions Committees, to inform the process, assumptions, and methodology for the valuations.

Book now: Valuation Consultation events

If you’re involved in the valuation process for your section, we strongly recommend you join us at our Valuation Consultation events in November, for a comprehensive overview of the areas we’re consulting on, and what will be required from you under the new regulatory regime.

Valuation Consultation Seminar | 5 November
Willis Towers Watson offices, 51 Lime Street, London EC3M 7DQ
Open sections: 10am - 12pm
Lunch: 12pm - 1pm
Closed sections: 1pm - 3pm
Book now

Open Sections Valuation Consultation Webinar | 10am – 12pm, 12 NovemberOnline
Book now

Closed Sections Valuation Consultation Webinar | 1pm – 3pm, 12 November
Online
Book now

Supporting you through the valuation

Your involvement and engagement with the valuation process is essential. On behalf of the Trustee, the Railpen team is here to help you navigate the process, answer your questions and provide insights to inform the decisions you’ll need to take.

To find out more about the scheme valuation process and what it means for you, contact Railpen’s Client Relationship Management team.