Despite hiring an external asset manager to run its climate transition index earlier this year, the £90.8bn Universities Superannuation Scheme is keen to cut investment management costs by developing its in-house investment capabilities.

On the go: The £17.8bn West Yorkshire Pension Fund has made three senior appointments to its in-house investment team in response to ‘critical’ staffing issues that occurred last year. It has also weighed up the risk of handing assets over to external managers in the future.

On the go: The Unisys Pension Scheme, the Unisys Payment Services Pension Scheme (Unisys Section) and the Unisys Public Sector Pension Scheme have appointed Cardano as fiduciary manager.

On the go: The WHSmith Pension Trust has secured a £1bn full buy-in with Phoenix Group subsidiary Standard Life.

On the go: The £24bn National Employment Savings Trust has acquired a stake in an offshore wind farm.

On the go: The £90.8bn Universities Superannuation Scheme has acquired three real estate assets handled by holiday resort operator Butlin’s.

On the go: The £3bn Whitbread Group Pension Fund has secured a £680mn buy-in with Standard Life.

On the go: The £90bn Universities Superannuation Scheme has launched an in-house mandate to invest in asset-backed securities.

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Worcestershire County Council Pension Fund investing in a climate fund, bulk annuity insurers all having set net zero targets, and the Church of England Pensions Board slashing the carbon intensity of its holdings by a fifth.

On the go: The Universal Office Supplies Pension Scheme has agreed a buy-in with Legal & General.