RPMI looks after all administration and trustee services for the Railways Pension Scheme (RPS) and a large number of third party clients too. Our heritage goes back 50 years: starting off as the pensions office for the British Rail pension scheme back in 1965, we have seen many changes along our journey so far.
We have been through the privatisation of the railways in 1993; one day we were supporting one scheme as an in-house team and the next we’re looking after a large number of employers and sections as a business in our own right.
As we progressed as a business, the number of clients we supported grew too (and is still growing, we are happy to say) and we can proudly tell you that we now look after the needs of over 500,000 pension scheme members across a variety of schemes and industries.
Like its sister company, RPMI Railpen was born out of the rail industry. Today we continue to support the 100-plus employers within the RPS in relation to investment management, and currently manage approximately £25bn of assets for the Scheme, which is the sixth largest pension fund in the UK in terms of assets under management.
In 2011, Electricity Pensions Administration Limited (EPAL) became part of the RPMI family, bringing with it second-to-none experience in looking after 69,000 members across 16 sections of the Electricity Supply Pension Scheme (ESPS).
Now known as RPMI Coventry, it has specialised in supporting the electricity sector for close to 10 years. We understand better than anyone all of those little ‘quirks’ that make the schemes special.
During the past three years we have worked together, creating great teams across our three sites in Coventry, Darlington and London who collectively learn and share expertise to provide the best service for members.