On the go: London CIV, which oversees around £26bn on behalf of 32 London Local Government Pension Schemes worth a collective £45bn, has launched its Alternative Credit Fund.

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, as a local authority pension fund divests from extractive fossil fuels and the Pension Insurance Corporation invests in a Milton Keynes build-to-rent project.

On the go: The £3.2bn Merchant Navy Officers Pension Fund has signed a second buy-in with Pension Insurance Corporation worth £400mn. 

On the go: The Stantec Pension Plan (UK), which comprises the Stantec UK Defined Contribution section, Stantec UK Defined Benefit section, and Stantec Treatment Defined Benefit section, has completed a full buy-in for its Treatment DB section with Just.

Risk watch: A roundup up of the latest derisking transactions, including Northern Bank Pension Scheme’s two buy-in transactions with Aviva, and Phoenix Group’s two longevity reinsurance transactions with a MetLife subsidiary.

On the go: The Triplex Lloyd Final Salary Plan has agreed a circa £75m bulk annuity transaction with Legal & General Assurance Society for the Doncasters section of the defined benefit scheme.

On the go: LGPS Central, which has around £49bn in assets under management on behalf of eight Local Government Pension Scheme funds, has awarded a contract for property and investment management services.

Risk watch: A roundup up of the latest derisking transactions, including the Mitchells & Butlers scheme’s £650m full buy-in with Legal & General and the AvestaPolarit scheme’s bulk annuity transaction with Rothesay.

On the go: The Triumph International Pension Scheme has agreed a full £49m buy-in with Legal & General Assurance Society.

On the go: The Pension Protection Fund has announced its final levy rules for 2022-23, which include a new 25 per cent cap on increases to its risk-based levy to protect schemes whose bills would otherwise rise significantly.