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: The Sappi UK Pension Scheme has completed a full £150mn buy-in with Phoenix Group subsidiary Standard Life.

On the go: The £24bn National Employment Savings Trust has appointed HarbourVest Partners to handle its second private equity mandate.

On the go: The £1.7bn TI Group Pension Scheme has completed a £640mn buy-in with Rothesay, covering its remaining uninsured members.

As the first group of UK schemes are completing their Task Force on Climate-related Financial Disclosures reports, they have been challenged by the long process, incomplete and inconsistent data, and lack of mandatory reporting from fund managers.

On the go: The National Local Government Pension Scheme Frameworks has appointed a series of companies to provide pensions administration and operational support services.

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.