Governance


The Railpen Investments Board (RIB) reports directly to the Trustee. It has a Non-Executive Chair, an Executive Director, two Trustee Directors and three Non-Executive members. The primary role of the RIB is to provide an oversight function in the management of the Railpen Pooled Funds.

Mike Craston


Mike was appointed as a Non-Executive Director and Chair to RIB in May 2020.

He is currently Chair and Non-Executive Director of Aviva Investors, whose Global Executive Committee he joined in 2016 with responsibility for leading on global business development. In addition to this role, he also serves as Non-Executive Chair at Idea Group and as Trustee and Chair of the Investment Committee at Independent Age.

Alison Burns


Alison has a wealth of industry experience and holds board level positions at the National House Building Council, Equiniti PLC and previously Hastings PLC. She brings extensive financial services expertise having previously held executive and non-executive roles at Aviva including the position of CEO, Aviva Ireland. Prior to that Alison held a number of senior roles within Santander, Bupa, Lloyds TSB and AXA UK.

John Chilman


John joined as CEO of RPMI, and an Executive Director of Railpen, in June 2019, having previously served for 12 years as a Director of the Railways Pension Scheme Trustee Company, and Chair for the last five years. John is also an Independent Trustee of the Nestle UK pension fund.

John is a Chartered Accountant by qualification, and was previously Group Head of Pensions at National Grid. Prior to that John held senior financial, commercial and pension positions at a number of large companies, including PricewaterhouseCoopers, South Western Electricity, Shell, HBOS and FirstGroup.

Gerry Doherty


Gerry is a pensioner in the 1994 Pensioners Section of the RPS, having worked for the Operations Department of the British Railways Board for over 15 years. Gerry then joined the full-time staff of the Transport Salaried Staffs’ Association (TSSA) as its Irish Secretary and after holding a number of positions he was elected as General Secretary in March 2004, serving in that position until taking retirement in November 2011.

Gerry served for a number of years on the General Council and the Executive Committee of the Trades Union Congress (TUC) and was also a member of the Commission for Integrated Transport (CfIT) until its demise in 2010. After he retired, Gerry was a director of South Central Youth (SCY), a charity devoted to deflecting young people from engaging in the gang culture prevalent in areas of south London.

Gerry was appointed as a director of the Trustee Company in 2018 and appointed as a Non-Executive Director of RPMI in 2020.

Richard Jones


Richard’s 30-year railway career included engineering, commercial, corporate real estate and general management positions at BRB, Virgin, Alstom and AECOM. He was involved in the leadership and governance of the Scott Wilson Railways (now AECOM) RPS Section for over 10 years. Richard became a railways pensioner in 2018 and was subsequently appointed to a Civil Service role unrelated to the rail industry.

Richard is a Chartered Mechanical Engineer, an IoD Chartered Director and MBA graduate, and has non-executive experience with a Police Authority, including leading on pensions matters.

Richard was appointed as a director of the Trustee Company in March 2016. In January 2017, he was appointed as a Non-Executive Director of RPMI, and he was re-appointed for a further three-year term in 2020.

Christine Kernoghan


Christine was the Head of Financial Services at South Western Railway Limited where her responsibilities included management and operation of the pension scheme. She has been involved with the railways pension scheme for 23 years taking an active role in developing effective communications and improved administration. She was a long-standing member of the South Western Railway Pension Committee. Christine was appointed a director of the Trustee Company in 2016.

Gary Towse


Gary joined the British Transport Police in 1974 and served in the South East Area. He was a Committee member of the British Transport Police Force Superannuation Fund from 1992 to 2006. He was elected the Treasurer of the British Transport Police Federation between 1996 and 2006. Gary was appointed as a director of the Trustee Company in 2004 and a Non-Executive Director of Railway Pension Investments Ltd in 2020.