On the go: The circa £8.6bn Lothian Pension Fund and the circa £3.2bn Falkirk Council Pension Fund are exploring the possibility of a merger.

On the go: The £38bn Pension Protection Fund has appointed adviser company Lintstock to conduct a review of its committees and individual directors.

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the London Borough of Lambeth Pension Fund planning investment in affordable housing, and the Border to Coast Pensions Partnership appointing an ESG data provider.

On the go: The Trans-European Port Services Limited 1974 Pension Scheme has completed a £4.4mn full-scheme buy-in with Legal & General Assurance Society.

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Pension Insurance Corporation investing in a social housing provider, and the Brunel Pension Partnership highlighting biodiversity as a priority following a review of its responsible investment strategy.

On the go: Master trust Nest has appointed a manager to help make its portfolio management more efficient through the use of derivative contracts.

On the go: Master trust Nest has opened the door to private equity investment for millions of UK pension savers. Nest, which manages £24bn in assets and whose customer base represents a third of the UK workforce, has launched a private equity fund in tandem with Schroders Capital.

On the go: The circa £7bn Nationwide Pension Fund has completed a £172mn bulk annuity transaction with Canada Life for its circa £338.2mn Cheshire and Derbyshire Section.

On the go: The Pension Protection Fund has launched a tender to appoint a new company to join its specialist administration and actuarial services panel, which provides assistance to the lifeboat fund and schemes when they enter the PPF assessment period.

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including investment from Merseyside and South Yorkshire schemes in the Clean Growth Fund, the Pension Protection Fund raising its stakes in forestry and the Church of England Pensions Board leading a mining initiative.