CANADA - The Canadian Venture Exchange - a subsidiary of the Toronto Stock Exchange and ratings agency, Standard & Poor's - is to introduce a new venture capital index in December.
The S&P/CDNX Composite Index will replace the existing CDNX index, and will make its debut on the December, 10.
The index will be managed in a similar manner to the TSE 300 Composite index, and will be market-cap weighted. At its inception, the S&P/CDNX will include around 500 emerging companies.
A quarterly review will be employed, based on a -5%/+5% weighting.
A full list of stock names, methodology, and criteria for inclusion can be obtained at www.spglobal.com.
By Madhu Kalia
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.
Howden has rebranded Punter Southall Health & Protection (PSHP) as part of the integration of the business into its employee benefits arm, Howden Employee Benefits & Wellbeing.