Risk watch: A roundup up of the latest derisking transactions, including the William Hill scheme’s transaction with Rothesay and Gordonstoun School’s full buy-in with Legal & General.

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Wandsworth Pension Fund assessing opportunities in renewable infrastructure, the Net-Zero Asset Owner Alliance pushing for greater engagement, and the Institutional Investors Group on Climate Change highlighting the investment opportunities linked with the Paris Climate Agreement.

On the go: The Wellcome Trust decided to close its two defined benefit pension schemes to future contributions.

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, as the Universities Superannuation Scheme increases the scale of its net zero ambitions, the Pension Insurance Corporation backs Northern Irish social housing and the Railways Pension Fund agrees to fund affordable housing in east London.

On the go: The £82.2bn Universities Superannuation Scheme has made an additional investment in utility company Thames Water, increasing its holdings in the business to almost 20 per cent.

Sky-high demand for UK green infrastructure assets means pension funds are often unable to invest as much as they would like in the asset class, industry figures have argued.

On the go: Warwickshire County Council has hired the West Yorkshire Pension Fund as pensions administration provider for the Warwickshire Firefighters’ Pension Scheme.

On the go: The £333.9m Wates Pension Fund has appointed Russell Investments as fiduciary manager for its £300m defined benefit section.

On the go: The £80.6bn Universities Superannuation Scheme has made an investment in residential housing finance via specialist lender Pluto Finance.

On the go: The £642m Uniper Group of the Electricity Supply Pension Scheme has awarded a £570m fiduciary management mandate to Kempen Capital Management.