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.

On the go: The Pensions Regulator has warned that trustees must ensure their climate advisers are appropriately skilled and provide relevant and helpful advice. 

On the go: London CIV, which oversees around £26bn on behalf of 32 London Local Government Pension Scheme funds worth a collective £45bn, has launched its Passive Equity Progressive Paris Aligned Fund. 

On the go: The £86m Laurel Pub Pension Scheme and its sister, the £14m Yates Group Pension Scheme, have appointed Kempen Capital Management as their fiduciary manager.

Data crunch: Derisking activity picked up in the third quarter of 2021, as bulk annuity transactions reached their highest point of the year.

A combination of the flat fees charging ban on pots worth less than £100 and an increase in consolidation schemes could reduce members value for money, the Pensions Policy Institute has warned.

On the go: The Reuters Supplementary Pension Scheme has agreed a circa £310m full buy-in with Legal & General Assurance Society.

CPD: With some pension schemes opting to outsource their entire investment portfolio instead of hiring a fiduciary manager, Rachel So explains what the differences are and how the CMA rules still apply in both cases.