archivePFUND

Pension

Exclusive: Brookfield weighs move into UK pension insurance market -sources

A view of the British capital's twin financial powerhouse, the City of London and Canary Wharf, in London, Britain March 19, 2023. REUTERS/Yann Tessier/File Photo Acquire Licensing RightsLONDON, Oct 16 (Reuters) - Brookfield (BN.TO), through its affiliate Brookfield Reinsurance (BNRE.N), is weighing entering Britain's burgeoning pension insurance industry and is open to an acquisition to bolster growth, three people familiar with the matter told Reuters. The company is scanning the market for potential deals to access the bulk annuities space, where possible targets could include companies like Just Group (JUSTJ.L)...
Funds

Twenty arrested in Hong Kong over false document pension withdrawals amid row over UK passport

An evening view of the financial central district of Hong Kong, China October 3, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsHONG KONG, Oct 13 (Reuters) - Hong Kong’s anti-corruption agency said on Friday 20 people had been arrested suspected of taking bribes to help people apply for early withdrawal of government pension funds with false documents, amid a row over new passports offered by Britain.Hong Kong pension funds have been in the spotlight since the emigration of more than 140,000 Hong Kong people to Britain after 2020 when China imposed...
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...
1 2 3
Page 1 of 3