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For Companies At a Glance
- Tasks: Join the Pensions Policy Team to support trustees and engage with stakeholders on pension matters.
- Company: Railpen, a leader in pension fund management with a focus on community impact.
- Benefits: Competitive salary, generous leave, health benefits, and a lifelong pension scheme.
- Why this job: Make a real difference in the lives of rail industry employees and their communities.
- Qualifications: Fellow of the Faculty and Institute of Actuaries with experience in DB funding regulations.
- Other info: Flexible working options and a commitment to diversity and inclusion.
The predicted salary is between 36000 - 60000 £ per year.
We have a unique opportunity for a Pensions Actuary to join Railpens Pensions Policy Team on a permanent basis.
Who We Are
Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK\’s largest and longest established UK pension funds. Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.
The Team
The Pensions Policy Team works closely with the Trustee and its sub‑committees to assist the Trustee in meeting its obligations relating to integrated funding and policy matters for the railways pension schemes. This role will act on the Trustee’s behalf to engage with sponsoring employers and other stakeholders, working towards good outcomes on integrated funding and policy matters.
Responsibilities
A major immediate focus for the role is the upcoming 31 December 2025 actuarial valuations of the Railways Pension Scheme, to support the Trustee and employers reaching agreement on each of the distinct 100+ RPS sections. Alongside this the role will involve exposure to various aspects of day‑to‑day scheme management and Trustee delivery, working with other team members and external advisors to provide a high quality service to the Trustee.
Qualifications
The ideal candidate will be a Fellow of the Faculty and Institute of Actuaries (or equivalent) with some experience in supporting trustees under the scheme‑specific DB funding regulations, with an understanding of the integration of investment, funding and covenant considerations in decision‑making. The candidate will have an appreciation for the different funding and investment approaches to be tailored to the separate requirements of open and closed DB schemes, including experience of taking closed DB schemes to their endgame. A knowledge of DC arrangements would also be beneficial. We are looking for someone who is able to communicate effectively, who is adaptable, collaborative in their approach and is able to build effective relationships with Railpen colleagues, external advisors, industry peers and stakeholders. Exceptional attention to detail and ability to work independently with focus on delivering best practice and overall continuous improvement will also be key to this role.
This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.
What we can offer you
Rewarding you
- A competitive salary
- 28 days annual leave plus bank holidays
- Generous annual bonus plan
- We provide membership of the Railways Pension Scheme, a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay
- Life Assurance cover
- Colleague referral scheme
Health & Wellbeing
- Employee assistance programme
- Health cash plan
- Eye care vouchers
- Flu vaccination
Lifestyle
- We support hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave
- Buy and sell holidays
- Give as you earn scheme
- Paid volunteering days
- Flexible half days leave
- Electric vehicle leasing
- Cycle to work scheme
Next Steps
Please apply for the apply button or visit Careers Page by Monday 20th October 2025.
Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.
London, England, United Kingdom
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Pensions Policy Actuary employer: Railpen
Contact Detail:
Railpen Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pensions Policy Actuary
✨Tip Number 1
Network like a pro! Reach out to your connections in the pensions and actuarial field. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings at Railpen or other companies.
✨Tip Number 2
Prepare for interviews by researching Railpen’s values and recent projects. Show us that you understand their mission and how you can contribute to their goals. Tailor your responses to highlight your experience with DB schemes and stakeholder engagement.
✨Tip Number 3
Practice your communication skills! As a Pensions Policy Actuary, you’ll need to convey complex information clearly. Try mock interviews with friends or use online platforms to refine your pitch and ensure you come across as confident and knowledgeable.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows your genuine interest in joining Railpen and being part of their community-focused approach.
We think you need these skills to ace Pensions Policy Actuary
Some tips for your application 🫡
Know Your Stuff: Before you start writing, make sure you understand the role and what Railpen is all about. Dive into their values and mission to show that you’re not just another applicant, but someone who genuinely connects with their purpose.
Tailor Your Application: Don’t just send a generic CV and cover letter. Highlight your experience and skills that directly relate to the Pensions Policy Actuary role. Use keywords from the job description to make it clear you’re the right fit for the team.
Showcase Your Soft Skills: While technical skills are crucial, don’t forget to highlight your communication and relationship-building abilities. Railpen values collaboration, so share examples of how you’ve worked well with others in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets the attention it deserves. Plus, it shows you’re keen on joining us at Railpen!
How to prepare for a job interview at Railpen
✨Know Your Numbers
As a Pensions Policy Actuary, you'll need to be comfortable with complex data and financial figures. Brush up on your understanding of DB funding regulations and the specifics of the Railways Pension Scheme. Be ready to discuss how you would approach the upcoming actuarial valuations and demonstrate your analytical skills.
✨Showcase Your Communication Skills
This role requires effective communication with trustees, employers, and stakeholders. Prepare examples of how you've successfully communicated complex actuarial concepts in the past. Think about times when you had to adapt your message for different audiences and be ready to share those experiences.
✨Demonstrate Your Collaborative Spirit
Railpen values collaboration, so be prepared to discuss how you've worked effectively in teams. Highlight any experience you have in engaging with external advisors or industry peers. Show that you can build relationships and work towards common goals, especially in high-stakes situations.
✨Align with Their Values
Familiarise yourself with Railpen's values of integrity, community, and alignment. Think about how these principles resonate with your own professional ethos. During the interview, share specific examples of how you've demonstrated these values in your previous roles, particularly in relation to serving members and stakeholders.