News in brief: 14 January

- Ireland’s Pensions Authority is seeking expressions of interest in serving as a member of the Audit and Risk Committee (ARC) from persons with an appreciation of the role of the Pensions Authority.

The initial term of appointment is for three years, with the option to extend for an additional three years to a maximum term of six years. The deadline for applications is 12 noon on Monday 31 January 2022. Further information on the role requirements is available here.

- The Norwegian Government Pension Fund Global’s Council on Ethics has selected RepRisk to provide environmental, social and governance (ESG) data and portfolio monitoring services.

RepRisk won its first tender with the Council on Ethics in 2009 and has been working with it since then to monitor the companies in the fund’s portfolio daily for issues such as severe human rights violations, particularly in relation to child labour, forced labour, and violations of human rights in conflict areas, as well as gross environmental degradation and corruption.

With the tender win, RepRisk will continue to monitor the fund’s portfolio for another four years, until December 2025. The research provided by RepRisk will help the Council on Ethics analyse and select cases of ESG violations that may lead to exclusion by the Fund.

- Finland’s Tyoelake has introduced a new calculator that can be used to calculate the pension a surviving spouse and/or orphans are eligible to receive.

The launch of the calculator follows the introduction of reforms to the earnings-related survivors’ pension at the beginning of 2022. Survivors’ pensions are paid to the surviving spouse and the children to secure the family’s income after the death of the other spouse or parent. The amendments that took effect at the turn of the year reflect changes in society and family structures.

“The new legislation has improved the status of families with children in particular,” Finnish Centre for Pensions senior adviser, Suvi Ritola, said.

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