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

Royal Society for the Prevention of Cruelty to Animals Pension Scheme (RSPCA) is a Pension Fund based in Horsham, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Horsham, United Kingdom
- **Region:** Europe
- **Address:** Horsham, United Kingdom
- **Founded:** 1972
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

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. 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.

## Sectors

- Diversified
- Real Estate
- Private Credit

## People

- Wayne Phelan — Trustee Representative (Vidett)

## Questions

### 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.

## Related profiles

- [Royal Opera House Covent Garden Foundation](https://altss.com/profile/royal-opera-house-covent-garden-foundation)
- [Royal Society for the Prevention of Cruelty to Animals](https://altss.com/profile/royal-society-for-the-prevention-of-cruelty-to-animals-rspca)

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/royal-society-for-the-prevention-of-cruelty-to-animals-pension-scheme-rspca

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