On the go: Willis Towers Watson has teamed up with index provider Qontigo to launch the Stoxx Willis Towers Watson Climate Transition Indices, which they say will enable investors to address climate risks in their portfolios with a forward-looking evaluation of Paris-aligned equity valuations.

On the go: Most companies with defined contribution schemes did not reduce their pension contributions during the pandemic, according to the latest CBI/Mercer Pensions Survey.

On the go: The BT Pension Scheme deficit is expected to have improved by roughly £3.4bn over the year to June 2021 to around £4.6bn, due to sponsor contributions and strong returns on growth assets.

Sponsors could be “left guessing” as to whether key decisions could lead to enforcement action under new guidelines from the Pensions Regulator, LCP has warned.

The Pensions Ombudsman has upheld a complaint against the NHS Business Services Authority and Primary Care Support England after they “negligently” failed to provide a GP with tax information and delayed the handling of his pension contributions.

On the go: The Pensions Dashboards Programme is inviting organisations that intend to provide a pensions dashboard to help test the development of the project’s ecosystem.

Policymakers should consider providing a financial incentive for sustainable funds as existing capital is “too limited in size and scope” to have a major impact on climate change, the International Monetary Fund has warned.

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Transport for London Pension Fund committing to net-zero carbon emissions by 2045, Avon Pension Fund shifting £780m into a Paris-aligned benchmark, and Phoenix Group setting a carbon emission-reduction target of 50 per cent by 2030.

Mass-scale consolidation is set to be implemented in 2025-26, the Small Pots Cross-Industry Co-ordination Group has said, but industry experts have voiced concerns over the enormity of the task.

MPs have urged the government to seize upon the opportunities COP26 presents to the pensions industry and have called for more consensus on tackling climate change.