The manager of the Railways Pension Scheme has stood by the scheme's decision to invest in Chinese government bonds in 2021, despite allegations of human rights abuses committed by the country's government.

On the go: The Financial Reporting Council’s stewardship code must “look both ways” and engage members as well as asset managers in developing guidance and standards, according to fintech company Tumelo.

The Local Government Pension Scheme’s advisory board has provided an update regarding a database that lists companies active in the occupied Palestinian territories, after the UK Lawyers for Israel criticised the LGPS's summary of a January meeting with the then-UN special rapporteur on human rights in the occupied Palestinian territories, Michael Lynk.

On the go: The £24bn National Employment Savings Trust has acquired a stake in an offshore wind farm.

On the go: The Railways Pension Scheme, which manages more than £37bn in assets, has jointly acquired a majority stake in a battery energy storage company with the Alberta Investment Management Corporation.

On the go: The £13.6bn TPT Retirement Solutions, which has £11.3bn in defined benefit assets and £2.3bn in defined contribution assets, has made a circa £75mn impact investment through its DC master trust default fund. 

On the go: Passive environmental, social and governance funds are cheaper and outperform their non-ESG equivalents, representing value for money, according to a study by ClearGlass Research.