The launch of two accreditation regimes for professional trustees into the industry at the same time is both unnecessary and confusing, says Dalriada Trustees.

Nest has demanded Barclays provide a “robust plan” on winding up investments into fossil fuel providers.

This week’s top stories included the launch of Scottish Widows’ new responsible investment team, and reports of Treasury plans to cut pension tax relief for high earners.

Almost half (43%) of trustees do not feel able to monitor and report on their schemes ESG policy to a high standard, according to CACEIS.

BAE Systems will make a one-off payment of £1bn into its pension scheme “in the coming months” to plug a £1.9bn hole.

The Pension Protection Fund (PPF) has wrapped up its three-month procurement process for partners to assist in the development of a framework agreement to provide administration, actuarial, and consultancy services to its board.

The Department for Work and Pensions (DWP) has called on The Pensions Regulator (TPR) to deepen its research on its planned regulatory approach to tackling climate-related risks and how it would manage any opportunities from climate change.

Pension Insurance Corporation (PIC) will provide €220m (£190m) of debt funding for 21 solar parks in southern Spain, adding to the £700m it has invested in the renewables sector to date.

High earners could face significant cuts to pension tax relief in the upcoming Budget under new Treasury plans to rein in the “perverse” system, according to reports.

A fifth of contract-based pension schemes expect to move to a master trust by 2025, along with a third of trust-based plans.