Pension

Pension

Phoenix Group launches forum to tackle gender pensions gap

Phoenix Group is inviting organisations to pitch their innovative solutions to tackle the gender pensions gap with the launch of its Women’s Innovation Forum.The new forum will be encouraging third party organisations to find innovative ways of engaging women more effectively in their financial futures and improving their ability to make better informed financial decisions.Phoenix Group has partnered with FinTech Scotland and TCS Coin (Co-Innovation Network) to launch the challenge.Due to a range of life events such as the menopause, caring responsibilities and divorce, women typically save 34 per cent...
Pension

Exclusive: Canadian pension funds explore $6 bln sale of renewables firm Cubico -sources

NEW YORK, Aug 10 (Reuters) - Two of Canada's biggest pension funds are exploring options including a sale of Cubico Sustainable Investments that could value the renewable energy firm at about $6 billion or more, including debt, according to people familiar with the matter.Montreal-based Public Sector Pension (PSP) Investment Board and the Ontario Teachers' Pension Plan (OTPP) are looking to appoint a financial advisor in the coming weeks, the sources said, adding the sale could take several months to complete.The sources, who requested anonymity as the matter is confidential, cautioned...
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