Pension Fund

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Royal Society for the Prevention of Cruelty to Animals Pension Scheme (RSPCA)

The Royal Society for the Prevention of Cruelty to Animals Pension Scheme exists solely to fund the retirement obligations of the RSPCA's workforce.

Royal Society for the Prevention of Cruelty to Animals Pension Scheme (RSPCA) logo

Royal Society for the Prevention of Cruelty to Animals Pension Scheme (RSPCA)

The Royal Society for the Prevention of Cruelty to Animals Pension Scheme exists solely to fund the retirement obligations of the RSPCA's workforce. The RSPCA, founded in 1824, sponsors the scheme as a corporate defined-benefit plan, making this a classic UK occupational pension structure rather than a commercially marketed fund. Wayne Phelan of Vidett acts as a trustee representative, indicating professional fiduciary oversight of the scheme's governance and investment strategy. The scheme runs a deliberately diversified allocation spanning both public and private markets. Altss research identifies specific holdings in the Schroder UK Real Estate Fund, providing commercial property exposure, alongside a dedicated Liability Driven Investment portfolio designed to match the scheme's long-term pension obligations. The fiduciary manager handles day-to-day investment decisions within the framework set by the trustee board. The scheme requires all its investment managers to be UN PRI signatories, embedding ESG principles across manager selection and ongoing monitoring. Team size and total AUM remain undisclosed, consistent with UK pension schemes that are not required to publicly report granular financial data beyond regulatory filings. The scheme's governance structure relies on a professional trustee model through Vidett, separating fiduciary oversight from the sponsoring charity's operational management. While no recent investment mandate changes have been publicly announced, the scheme maintains its core posture as a steady-state defined-benefit investor. The scheme's structural differentiator lies in its sponsorship. Unlike pooled local government pension schemes or master trusts, this is a single-employer plan tied to a major UK charity. That narrow sponsorship concentrates fiduciary attention on a specific workforce's retirement security rather than external commercial interests. The alignment with the UK Stewardship Code through the scheme's fiduciary manager reflects the RSPCA's broader institutional commitment to responsible practices.

General information

Firm type

Pension Fund

Year founded

1972

Location

Region

Europe

Country

United Kingdom

City

Horsham

Corporate office

Horsham, United Kingdom

Principals

Wayne Phelan

Trustee Representative (Vidett)

Sector focus

DiversifiedReal EstatePrivate Credit

Frequently asked questions

Who is responsible for investment decisions at the RSPCA Pension Scheme?

Investment decisions are delegated to an external fiduciary manager, while governance rests with a trustee board. Wayne Phelan of Vidett acts as trustee representative, per Altss research, indicating a professional fiduciary model rather than in-house portfolio management. The scheme's trustees set the investment strategy and monitor the fiduciary manager's performance.

What is the relationship between the pension scheme and the RSPCA charity?

The RSPCA is the sponsoring employer of the pension scheme, meaning the charity is ultimately responsible for funding any shortfall between the scheme's assets and its promised benefits. This is a standard UK corporate defined-benefit arrangement, though the charitable status of the sponsoring employer adds a layer of reputational alignment around ESG and stewardship.

Does the RSPCA Pension Scheme invest directly or through funds?

The scheme uses both direct and pooled vehicles. Altss research identifies a direct allocation to the Schroder UK Real Estate Fund for commercial property exposure. The LDI portfolio is also managed externally. The scheme relies on its fiduciary manager to select and monitor the underlying investment managers.

Is the RSPCA Pension Scheme a signatory to the UN Principles for Responsible Investment?

The scheme itself is not a direct UN PRI signatory, but it requires all its investment managers to be signatories. The scheme's fiduciary manager is also a UK Stewardship Code signatory, and the trustees align the scheme's stewardship approach with these principles. This reflects the RSPCA charity's broader institutional values.

What asset classes does the RSPCA Pension Scheme target?

The scheme maintains a diversified portfolio. Confirmed allocations include UK commercial real estate through the Schroder UK Real Estate Fund and a Liability Driven Investment portfolio. The broad diversification mandate likely includes equities, fixed income, and potentially other alternatives consistent with a mature UK defined-benefit pension scheme's de-risking profile.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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