ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Lambeth and Shropshire pension schemes setting goals for net zero carbon emissions, and the East Sussex scheme investing in a new passive global equity, ex-fossil fuels portfolio.

Several Local Government Pension Scheme funds have come under pressure from animal rights activists over their exposure to factory farming, facing demands for divestment.

On the go: Pensions provider Cushon has acquired the manager of the Creative Pension Trust, in a deal that will more than double its customer base and assets under management.

On the go: Employers that transfer their defined benefit pension schemes into consolidator vehicles such as Clara-Pensions and The Pension SuperFund could make savings of up to 10 per cent, according to new Hymans Robertson research.

De La Rue, the banknotes manufacturer, has avoided adding £20m to its pension scheme’s liabilities after a judge ruled in its favour over how certain members’ deferred benefits should be revalued.

On the go: The government should use Brexit to loosen insurance regulation in order to “put our country’s pension funds to national use”, Aviva chief executive Amanda Blanc has said.

On the go: Lord Paul Myners, a city grandee who investigated institutional investment for the Labour government in 2001, has died.

On the go: A defendant charged with participating in a multimillion-pound pension fraud has changed his plea to guilty at a hearing.

Only Aviva and Scottish Widows have signed up to the UK Stewardship Code out of the eight bulk annuity insurers, new LCP research has highlighted.

On the go: Former shadow pensions minister Jack Dromey, MP for Birmingham Erdington, has died at the age of 73.